This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth. The links are all demonstrated with neoclassical growth models developed in the context of trade models that allow for imperfect competition and scale economies. This sort of...

One of the most widely supported arguments against attributing supervision functions to a central bank is based on the conflict of interest hypothesis.However, in some circumstances, financial supervision enhances central bank's independence. In fact, when a central bank is goal independent, it...