In an interesting recent article in this Journall Richard C. Porter presents a model "to show that, in agrarian (or predominantly agricultural) economies it may be impossible to counteract apparently temporary shifts in the price level by means of traditional monetary policy". In Section III, to...

Stock and bond issues and capital markets in less developed countries (LDCs) have recently received increasing attention from policy-makers, and this preliminary study provides a cross-country survey of the actual experience of LDCs in this respect. Issues of stocks and bonds in relation to...

This path-breaking comparative study of the economies of Japan, Korea, and Taiwan analyses the evolution of the financial systems of each country in relation to their last four decades of dynamic economic growth. Each country study is addressed in two chapters, the first covering macroeconomic...