Taking a normative approach this paper identifies and develops basic principles for the good governance of central banks, namely independence, democratic accountability and transparency. In doing so the paper focuses on the arrangements surrounding the primary task of a central bank, i.e. the...

This paper examines the authors 35 year path through U.S. higher education. Personal experience combined with scholarly work combines to shed light on the academic profession and colleges and universities. Being a student in 4 different decades in many different institutions of higher education...

Testimony before the U.S. House of Representatives, Judiciary Committee, Subcommittee on Immigration, Border Security, and Claims (Sept. 29, 2005) contends that the Citizenship Clause of the 14th Amendment has been misconstrued as mandating birthright citizenship. Rather, the clause was a...

WHAT IS the most immediate tool of empowerment you can provide a person? Ask an economist. Or ask a laborer who has been moved to the outskirts of the city as a part of the quot;big-progressive resettlement schemequot;. Or ask a student. The most likely answer you will get is:...

An increase in risk is of key importance to the economy and to its stability. A higher liquidity risk in the system leads to a lower possibility of shock absorption and a greater probability of the propagation of unfavourable trends. A banking system with smaller liquidity reserves is more...

This paper aims to analyze the performance of non-financial SOEs and seeks possible remedial for the problems. State-owned enterprises play a vital role in Bangladesh. After the liberation war in 1971, the Bangladesh government had taken extensive measurements to nationalize some enterprises but...

Using a panel of eight large emerging market economies from 1980 to 2015, this paper seeks to assess the causal linkages between government size, unemployment, and inflation. Overall, our results suggest that the government size is positively associated with both unemployment and inflation. The...

This chapter utilizes the social fabric matrix approach (SFM-A) to provide a detailed description of the Federal Reserve's (Fed's) daily operations and the recent financial crisis. The SFM of the Fed's operations presents the primary components- major norms, institutions, technologies- relevant...

Corruption has become one of the most notoriously persistent and progressively worsening social problems afflicting Zimbabwe today, and this is indisputable. Corruption is most unwanted in the society especially by those not involved, but it is blamed by those who practice it, just to divert...

The paper deals with the problems of coordination between monetary and fiscal policies in the Euro area. It examines how the existing institutions handle these problems and presents a proposal to re-organise them. The paper points out that there is a need for coordination between monetary and...