Informational asymmetries in financing small business require lenders to continually produce reliable private information about borrower performance. While it is well recognized that information required to monitor short-term working capital loans is quite different from long-term non-recurring...

Various claims have been made by economist and others as to what caused the Asian crisis, as well as what caused its spread through much of East Asia. Here, we perform some initial testing of four hypotheses, including the dominant role of portfolio investors and hedge funds in initiating and...

This paper presents a formal model that characterizes the political mechanisms of demographic change, establishing a critical link in economic development. We demonstrate that fertility decisions are determined by three fundamental political variables: political stability, political capacity and...