What role could unconventional monetary policy - and particularly unconventional policies like private asset purchases under a quantitative easing or lender of last resort scheme - play in influencing economic growth directly? A wide literature in economics explores the pros and cons of using...

Macedonian municipalities should pass anti-corruption ordinances in order to reduce corruption. The paper reviews the legal issues involved in drafting such ordinances and provides legal advisers to local councils with the legal and economic analysis needed to tackle some of the more difficult...

The quot;first wavequot; of donor sponsored anti-corruption programmes usefully focused on elaborating recommendations for parliamentarians or tried to train them (develop human capital) in anti-corruption. Now it time for these programmes to take into account parliamentarian incentives to adopt...

Qianhai - an innovation park in Shenzhen - seeks to become an global centre of innovation. Yet, problems with its legal design plague the US$4.5 billion project. Some of these include weak and abstract rulemaking as well as a lack of objectives and devolved authorities. Fixing the existing law...

Qianhai – an innovation park in Shenzhen – has the possibility of boosting innovation in HongKong, Shenzhen and in the wider region. This paper reviews the existing evidence about whichpolicies have promoted profitable innovation in the Qianhai region (Hong Kong and Shenzhen)in the past. We...

How many innovation-led profits could Qianhai – an innovation park in Shenzhen – generate for Hong Kong, Shenzhen and in the ‘Qianhai region’? In this paper, we develop a model of profit-led innovation, and use it to deduce how many profits Qianhai could help foster. We find that such a...

How far do China’s property prices need to drop in order to trigger a GDP reaction that looks like a price bubble bursting? What does this question tell us about the way Bubble Economies work? In this paper, argue for a separate analysis of ‘Bubble Economics’ – as the non-linear and...

What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? Little research has addressed to date. In this paper, we look at that literature in preparation for econometric analysis in the future. The evidence, such as it exists,...

What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? We find support for decades of theorising that some jurisdictions use autocracy (less polyarchy) to help grow out their financial centres. We look at the growth of these...

How can international financial centres like Hong Kong increase assets under management – and thus their size and ranking? Most policymakers and their advisors wrongly answer this question by focusing on financial institutions, and the law that governs them. Instead, policymakers need to start...