Neoclassical economists increasingly devise compelling, mathematically elegant hypotheses with dubious, to say the least, policy relevance. They are also most reluctant to engage in conversation with alternative paradigmatic schools (eg., feminists, Marxists, Institutionalists or...

This study examines the degree of diversification of the funds in Singapore. The R-square statistic was employed as a measure for the degree of diversification. The findings generally indicated that the local funds were not well-diversified. Various explanations are given to account for this low...

The concept of electronic money is no longer a hypothesis but a realisation. Advanced smart card technology and the ability to replace physical cash with an electronic alternative is a reality with mass market utilisation being a matter of time, rather than just supposition.Mondex is an...

The C.F.A. Franc Zone is a monetary union which has existed for decades. This paper describes the structure and operation of the current arrangement and examines how members’ economies have performed in recent years both as a group and in comparison with other Sub-Saharan countries. The...

In this paper I discuss two questions which the decision maker has to consider before she makes use of the method of cost benefit analysis. First, she has to ask herself if she shares the ethical foundation of environmental cost benefit analysis. If not, could environmental cost benefit analysis...