This book is about conflict. In that, it is certainly not alone, but it approaches the problem in five Southern African countries from the standpoint of economic analysis. While the authors have not ignored social, ethnic and historical factors which led to conflict, they have identified...

Les conflits : tel est le sujet de ce livre. L’originalité de cet ouvrage réside dans son approche économique du problème. Sans faire abstraction des facteurs sociaux, ethniques et historiques qui sont à l'origine des conflits, les auteurs s'intéressent aux problèmes économiques bien...

This paper sets out a framework within which the problem of corruption may be analysed in any specific country. It does not seek to establish the importance of such activity in a general sense, or seek to propose particular economic policy or institutional programmes that should be pursued in...

This paper investigates the relationship between the main features of business cycles and the institutional and structural characteristics of countries of up to 62 industrial, emerging and formerly centrally planned economies from all continents. We derive the business cycle characteristics...

Fiscal decentralization (FD) and fiscal rules (FR) are institutional mechanisms that are implemented by varying degrees in increasing number of countries. This paper investigates empirically the effect of FR on the effectiveness of FD in achieving fiscal discipline. Panel evidence strongly...

The expanding literature on fiscal decentralization (FD) emphasizes the role of institutional mechanisms for FD's welfare effects. We analyze the welfare effects of FD in case of a fiscal transfer mechanism that punishes inefficiency in tax collection and compensates for local income deficiency....

This Paper develops extensive new indices of legal independence (Central Bank Independence, or CBI) for new central banks in 26 former socialist economies (FSEs). The indices reveal that central bank reform in the FSE during the 1990s has been quite ambitious. In spite of large price shocks,...