This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

Abstract: Overleveraging of the banking sector has been considered one of the main causes of the 2007–09 financial crisis and the subsequent great recession. It was also of major concern for the subsequent BIS regulatory policies resulting in Basel III and its request for higher capital...

Frontmatter -- Contents -- Preface and Acknowledgments -- Symbols -- Part 1 . On Theories of Competition and Their Empirical Predictions -- Chapter 1. Introduction and Overview -- Chapter 2. On Theories of Competition -- Part 2. Empirical Evidence on Industrial and Corporate Pricing and...