There is already some degree of policy convergence between countries in the area of competition policy and corporate governance and more is likely to occur in fuure trade negotiations and in initiatives undertaken by the World Bank. For bankruptcy policy, practive is more varied and there is...

Using a small VAR of the current account and investment, we identify two categories of shocks: permanent vs. transitory and country-specific vs. global. Our approach involves only the most minimal identifying assumption. Using data from the G7n countries, we find that the predictions of the...

Purpose – This paper aims to analyze the influence of international trade of goods of Croatia in the period from 2001 till 2010. The study shows contribution of exports and imports of goods on the real GDP growth, in time which represented the global economic crisis, of Croatia in comparison...

The IMF has been criticized for not predicting the 1997 Asian crisis and for imposing policy measures which exacerbated the situation. The IMF's policies reflect its historical experience and theoretical framework in dealing with balance of payments crises.

Offshore Finance Centres (OFCs) have proliferated since the 1960s and many small jurisdictions and microstates around the world now host OFCs as part of the increasing globalisation of financial capital. This paper argues that microstates are becoming increasing vulnerable to forces outside of...

El presente trabajo pretende resumir los aspectos positivos de la relación comercial y de inversión de China en América Latina y evaluar si la región podría contar con ésta, de una manera relativamente estable. Con ese fin se hará una evaluación de la evolución reciente de la economía...

The goal of the article is to explore the potential of explicatory Structural Equation Modelling (SEM) and its specifications for measuring the shadow economy (SE). This is done from the perspective of various approaches in selected countries. The article is a review and conceptual paper. The...

We consider a symmetric three-stage game played by a pair of regulator-firm hierarchies to capture the scale and technology effects. Each firm produces one good sold on the market. The production process generates pollution characterized by a fixed emission/output ratio, and cross-borders. Firms...