Since COVID-19 outbreak the legal industry is awash in concepts like legaltech, which are popping up in quite a number. It represents an engrossing fusion of technology, business, and legal expertise that can be applied to both the business of law and the practice of law. Currently, investment...

The paper surveys the characteristics of explicit systems of deposit insurance in 68 countries. It compares these actual practices with a set of best practices that has been adopted by IMF staff for their advice to member countries. These best practices seek to establish a system of deposit...

This paper challenges the conventional wisdom that income inequality in Poland increased substantially following the economic transition in 1989-90. The results, based on micro data from the 1985-92 Household Budget Surveys, indicate that overall income inequality increased during the initial...

In the past decades, much work has been geared toward solving the problem of time inconsistency in monetary policy and analyzing the coordination problem between fiscal and monetary policy. This paper provides a review of the theoretical background to these theories, while also focusing on their...

International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this paper, we show that a small set of fundamentals - shifts in relative output levels, the stock of public debt and demographic factors - can do much to explain...

This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the adjustment toward PPP is symmetric from above and below. Using alternative nonlinear models, our results support mean reversion and asymmetric adjustment dynamics. We Find differences...

While research suggests that the rise in global oil prices from 2004 to 2014 strengthens the bargaining position of new ‘oil country’ governments, this paper suggests that the structure of deals is also significantly influenced by domestic political dynamics. By analysing the development of...

Norms prohibiting conflicts of interest apply in private fiduciary relationships and also to many public office holders. Whether or not such relationships are founded on trust, such norms can cultivate trust towards those holding governance authority, whether in interpersonal, civic or political...