The purpose of this article is to evaluate empirically the classical viability condition for East Asia, Latin America, Sub-Saharan Africa 1980-1995, and advanced countries 1950-1992. The viability condition is proposed by Foley and Michl (1999), and is used for judging empirically which approach...

Inflation targeting (IT) has recently become the dominant monetary policy prescription for both developing and industrialized countries alike. Emerging market governments, in particular, are increasingly pressured to follow IT as part of their International Monetary Fund (IMF)-led stabilization...

This paper outlines the use of disclosure in the regulation of the franchise sector in Australia, demonstrating that it does not meet conditions considered necessary for effective informational regulation. First, there is not enough reliable information to gauge the risks in informing the design...