Although the sovereign debt crisis is worldwide considered as a main disorder affecting indebted countries' economic recovery, its analysis is still incomplete and has so far failed to provide a satisfactory explanation of its origin and of the way it can be successfully addressed. The aim of...

The universality of design perception and response is tested using data collected from ten countries: Argentina, Australia, China, Germany, Great Britain, India, the Netherlands, Russia, Singapore, and the United States. A Bayesian, finite-mixture, structural-equation model is developed that...

This paper shows that, in the present non-system of international payments, the indebted countries serve interest twice over. Once net interests have been financed in their entirety by trade and financial surpluses, indebted countries suffer furthermore the loss of an equal measure of their...