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The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
Persistent link: https://www.econbiz.de/10010265483
Climate change affects the physical and biological system in many regions of the world. The extent to which human … disaggregated framework to analyze adaptation to climate change in different regions of the world. It turns out that vulnerability …
Persistent link: https://www.econbiz.de/10010265498
This paper discusses alternative incentive mechanisms for encouraging pharmaceutical innovations that support global health policy priorities. Patent buyouts, in which a public fund pays a mark-up on private valuations from sealed-bid second-price auctions, would boost the efficiency of research...
Persistent link: https://www.econbiz.de/10010265514
Die Forderungen von Globalisierungskritikern nach einem radikalen Umbau der internationalen Finanzmarktordnung sind von den wirtschaftspolitischen Entscheidungsträgern aus guten Gründen abgelehnt worden. Vorzuwerfen ist den Entscheidungsträgern allerdings, dass auch ökonomisch sinnvolle...
Persistent link: https://www.econbiz.de/10010265519
Academic contributions on the demutualization of stock exchanges so far have been predominantly devoted to social welfare issues, whereas there is scarce empirical literature referring to the impact of a governance change on the exchange itself. While there is consensus that the case for...
Persistent link: https://www.econbiz.de/10010265524
In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution … the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two …
Persistent link: https://www.econbiz.de/10010265537