This paper talks about the unique institutional innovations microfinance has experienced in the last three decades - from the entry of new…
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate.…
The inability to see the advantages of close state-business relations is the blind spot of modern economic liberalism. Just look at how the…
The Global Enabling Trade Report 2009 measures and analyzes institutions, policies, and services enabling trade in national economies…
For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency…
Does the government control of school systems facilitate equality in school quality? There is a trade-off. On the one hand, government…
Buenos Aires and Chicago grew during the nineteenth century for remarkably similar reasons. Both cities were conduits for moving meat and…