"As the Japanese economy languished in the 1990s, Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. As government officials and industry leaders scrutinized their options, they selected reforms to modify or...

The financial crisis of 2008–9 and the ‘Great Recession' that it precipitated highlighted a number of troubling dynamics in contemporary capitalism. Rising financial instability has received particular attention (Obstfeld and Rogoff 2009), as have other social problems such as trends of...

This book explains how Latin American countries consolidate economic governance after serious disruptions to their formal and informal policy making routines. It asserts that the process of institutional change that started as a result of such disruptions resulted in complementary institutions,...

This paper focuses on the way a crisis needs an institutional actor and champion. Through painfully slow intervention and muddling through, the ECB created new policy space for a European financial and banking system that was on the point of collapse. However the institutional commitment to...

In recent years Uganda has consistently been one of the fastest growing economies in Africa, leading to a substantial reduction in poverty. This book looks at how the country managed to carry out this economic transformation in the wake of Idi Amin's rule and the civil war of the 1980s