Mega-events such as the Olympic Games and the football World Cup represent a special venue for the practice of risk management. This paper explores management of security risks in the case of two sporting mega-events, the London 2012 Olympic Games and the FIFA 2006 World Cup in Germany. The...

This monograph has been prepared by Dr Ijaz Nabi with assistance from Abdul Malik, Rabin Hattari (World Bank), Turab Husain, Adeel Shafqat, Sana Anwaar, and Ammar Rashid (Lahore University of Management Sciences).

We study a continuous time model of a levered firm with fixed assets generating a cash flow which fluctuates with business conditions. Since external finance is costly, the firm holds a liquid (cash) reserve to help survive periods of poor business conditions. Holding liquid assets inside the...

Bangladesh in on track to achieve most of the MDGs goals, even the difficult ones like infant and maternal mortality provided that the quality and institutional mechanisms of service delivery to the poor are improved. This report provides an account of Bangladesh's MDG success but also...

The Government’s Improving Access to Psychological Therapy (IAPT) programme aims to implement NICE Guidance for people with depression and anxiety disorders. In the first phase of the programme, two demonstration sites were established in Doncaster and Newham with funding to provide increased...

Allowing for a richer information structure than usual, we show that rational traders’ calculation with short-term price fluctuations may heavily influence their behaviour even if the interim price is not influenced by non-rational agents i.e. there is no noise trader risk. Instead, traders...

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

This paper uses a difference-in-difference style estimation strategy to test separately the impact of competition from public sector and private sector hospitals on the efficiency of public hospitals. Our identification strategy takes advantage of the phased introduction of a recent set of...

One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could have passed on any higher labour costs resulting from the minimum wage in the form of higher prices. This study looks at the effects of the minimum wage on...

This article is based on newly completed research looking at the role of the internet as a means of promoting civic engagement and participation among young people aged 15-25. It focuses on one specific aspect of this phenomenon, namely the use of websites to promote 'ethical consumption' among...