Policymakers are often reluctant to grant independence to the agencies that regulate and supervise the financial sector because of the fear that these agencies, with their wide-ranging responsibilities and powers, could become a law unto themselves. This pamphlet describes mechanisms for making...

In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and...

The brain drain has long been viewed as a serious constraint on poor countries development. However, recent theoretical literature suggests that emigration prospects can raise the expected return to human capital and foster investment in education at home. This paper takes advantage of a new...

The adoption of gender quotas in party lists has been a voluntary decision by many parties in many countries, and is now a subject of discussion in many others. The Parity Law passed in France in 2001 is particularly interesting because for the first time the quota was set at 50 percent, and the...

The formulation of the problem of justice among generations as the problem of finding an ordering of infinite utility streams is examined within the ‘social welfare functional’ approach to social choice. This formulation usually presumes a double reduction not only the classical...

Cet article montre que dans le cadre d’un modèle d’appariement, la coexistence d’emplois de durées du travail différentes peut s’expliquer par des intensités capitalistiques propres à certaines activités. les firmes sont supposées financer seules le capital nécessaire à la...