THE CURRENCY BOARD AND THE RISE OF BANKING IN EAST AFRICA. The East Africa region consists today of three independent countries, Kenya, Tanzania (formerly Tanganyika) and Uganda, which, from the early 1920’s to the achievement of independence, formed an administrative unit under British rule:...

This paper presents a counterexample to the Miyagiwa (1991) claim that discriminatorygovernment procurement policy is ineffective as a protectionist device, when the goods are alsoconsumed by the private sector. The procurement sector is a homogeneous product Cournot-Nashduopoly, with a home and...

Using nonlinear optimization techniques in fractal image compression. Fractal image compression generally seeks to express an image as a union of spatially contracted and greyscale modified copies of subsets of itself. Most practical as well as theoretical works in image processing and...

Many definitions of second order generalized derivatives have been introduced to obtain optimality conditions for optimization problems involving C(1,1) data. The aim of this paper is to show some relations among these definitions and to study necessary and sufficient optimality conditions for...

This paper presents a new concept of art economics, here understood as an economics of the diffusion of artistic knowledge. Our thesis is that, in order to solve problems linked to public funding of the arts and to the efficiency of the culture industry, the economist has to set foot on the...

The aim of the paper is firstly provision of an analysis of the perception of the EU a year after the accession. It is shown that the population of the Czech Republic is shortly after accession rather sceptic about the EU integration. This serves as a context for a discussion the European...

The economic impact of privatisation is hard to assess. This paper extends the analysis of Florio (2004) in four directions. It argues that a welfare assessment of privatisation must include an evaluation of the performance of public enterprises in light of their originally broad set of...

The paper investigates the allocation of public consumption expenditures in the UK. After reviewing the empirical literature on the demand for public services, which is based on applied consumer analysis, it discusses the budgetary making process in the UK. It proceeds by estimating a system of...

Romania has been selected among the 10 Central and Eastern European candidates for EU membership, ranking second as importance after Poland, and is expected to join the Community in 2007. Romanian financial institutions have to face today adaptations and opportunities and banking business in the...