This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context. This volume reviews the laws, regulations, and operations of the banking and financial systems of the NAFTA...

Samuelson (1955) and Bator (1957) have provided geometric techniques for deriving or illustrating the conditions for Pareto-optimality in exchange and production. Bator's approach merely serves to illustrate what the distribution of private consumption and of consumer welfare must be if it is to...

An active stabilization policy requires that policy variables respond to preceding deviations of the target variables from their goal. If there are several competing macroeconomic goals, political parties may differ on the optimal tradeoff to be sought. However, even if allowance is made for...