This paper, part of a series on Crony Capitalism and Contemporary India, examines the conceptual meaning of the term crony capitalism, which has acquired considerable popularity since it was used as an explanation for the East Asian crisis. The paper argues that the conception of crony...

Before the Civil War (1936-1939), Spain had seen the emergence of firms of complex organizational forms. However, the conflict and the postwar years changed this pattern. The argument put forward in this paper is based on historical experience, the efforts will be addressed to explain the...

This paper investigates the efficiency of domestic and foreign banks in the Central American region during 2002-07. Using two main empirical approaches, Data Envelopment Analysis and Stochastic Frontier Analysis, the paper finds that foreign banks are not necessarily more efficient than their...

Alternative models of transition are associated with alternative institutional development processes. Alternative models of transition are based on different methods of economic analysis, political structures, views of 'what is a good society?' and the speed of implementing the transition...

Against the popular perception that the New Order economic policymaking was subservient to the interests of capital and oriented towards the market, empirical analysis suggests that economic policymaking of the era was indeed centralistic and state-centered. While capital owners could influence...

Cette Etude Decrit les Fonctions Economiques de L'etat Dans une Economie Moderne du Type Capitaliste et Socialiste. L'approche Retenue Est une Analyse Comparative Appuyant Sur les Differences et les Similitudes des Divers Systemes Economiques Vis-A-Vis le Role de L'etat.

This 2005 Article IV Consultation highlights that Argentina’s economy has rebounded strongly from the financial crisis in late 2001. Reflecting buoyant domestic demand, real GDP grew close to 9 percent in both 2003 and 2004, bringing real output level back to the peak level achieved prior...

This paper reviews Moldova’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, and Banking Supervision. Compliance with the Basel Core Principles and the IMF Code of Good Practices on...

Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...