Applicants for credit have to provide information for the risk assessment process. In the current conditions of a saturated consumer lending market, and hence falling take rates, can such information be used to assess the probability of a customer accepting the offer? With the advent of internet...

At the end of 2009, countries in the Eurozone began to experience a sudden divergence of bond yields as the perceived prospect of sovereign default risk increased. This paper examines the potential spillovers between the liquidity of the sovereign credit default swap (CDS) market and the...

This article presents a theoretically informed consideration of the role of ethical campaigning in shaping organizational practices of power and authority in global production networks (GPNs). It does so through a focus on responsibility, and the ways in which ethical consumption is challenging...

This thesis consists of three essays related to balance of payment or the externalsector issues. These three essays include an analysis of a country’s current accountand fiscal sustainability position, the role of external debt in economic growth, andthe reserves and debt management.The main...

The empirical evidence suggests that there is a significant, negative relationship between inflation and economic growth. Conventional monetary growth models, however, predict a significantly smaller growth effect. This paper proposes a monetary growth model with an explicit credit service...

The global financial crisis was triggered by the bursting of the United States housing bubble in 2007 and the reverberations of this are now being felt throughout the world. The crisis was greatly exacerbated by the behaviour of banks, which has inevitably made the position of any country that...

This essay investigates the contributions of different factors to regional economic growth in China. A statistical analysis on a provincial panel data from 1978 to 2007 confirms the increasing regional inequality in China can be understood as different patterns of regional economic growth, which...

This paper analyses the macroeconomic content of 15 PRSPs from a growth and poverty reduction perspective. It finds that, in the main and contrary to new trends in developed and middle income countries, their macroeconomic policy frameworks lack the necessary flexibility to deal with external...

Public investments in innovation and research assets have been recently perceived by policy makers as an effective tool for the development of less developed regions. This has been particularly true in the case of the European cohesion policies and the structural funds expenditures. However, the...

One of the most significant differences between developing countries and today's advanced states is the fact that many developing countries rely heavily on one or several natural resources. That such dependence shapes the state's ability to tax-its fiscal capacity-is commonly argued in the...