Informal Taxation
Informal payments are a frequently overlooked source of local public finance in developing countries.
Research
The Symposium on 'China's Impact on the Global Economy': New Estimation of China's Exchange Rate Regime
The present paper updates the question: what precisely is the exchange rate regime that China has put into place since 2005, when it announced a move away from the US dollar peg?
Thinking Outside of the Organizational Box: Institutional Innovation in the Sustainable Provision of Microfinance Services
This paper talks about the unique institutional innovations microfinance has experienced in the last three decades - from the entry of new companies like telecommunication providers and creative partn
Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending?
The current banking crisis highlights the challenges faced in the traditional lending model, particularly in terms of screening smaller borrowers.
The Forward Market in Emerging Currencies: Less Biased than in Major Currencies
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate.
Mercantilism Reconsidered
The inability to see the advantages of close state-business relations is the blind spot of modern economic liberalism.
On Global Currencies
Symposium: China's Environment: The Local and Global Benefits of Green Tax Policies in China
This article describes a multidisciplinary study of market-based policies for controlling air pollution in China.
A De-globalised World?
It may take a few months or a couple of years, but one way or another the United States and other advanced economies will eventually recover from today’s crisis.
Leader's Log: Lessons from the Financial ‘Accident’: Promoting Sensible and Stable Attitudes Towards Regulation is Part of Risk Management
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