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This study investigates the influence of historical encounters with invasions and territorial fragmentation on the formation of a democratic political culture. Utilizing individual-level psychological theories, I illustrate that enduring occupations tend to foster pro-democratic values, such as...
Persistent link: https://www.econbiz.de/10015212932
I examine the question whether social insurance is an appropriate means of redistribution in the presence of an … social insurance and taxation if insurance markets are characterized by adverse selection. The positive and normative … income taxation and the optimal nonlinear social insurance schedule are characterized simultaneously. …
Persistent link: https://www.econbiz.de/10009471620
, however, the inability to curb these rights in a variety of areas (regulation of incomes and progressive taxation to cut …
Persistent link: https://www.econbiz.de/10015213263
The study assesses the role of globalization-fuelled regionalization policies on financial allocation efficiency in four economic and monetary regions in Africa for the period 1980 to 2008. Banking system and financial system efficiency proxies are used as dependent variables whereas seven...
Persistent link: https://www.econbiz.de/10015213939
financial theory and public management practices, illustrating the author's ability to harmonize theoretical frameworks with …
Persistent link: https://www.econbiz.de/10015214298
CNMT (Classical Neoclassical Monetary Theory) has defined monetary policy and the role of Central Banks for the last … one hundred years. This book argues that it is time to change. It proposes a NMT (New Monetary Theory) which argues that … receive and repay long term preferential loans. NMT implies a major revolution both in Monetary Theory and in Monetary Policy …
Persistent link: https://www.econbiz.de/10015214321
The article highlights the results of the theoretical modeling of the economy within the institutional matrices theory …
Persistent link: https://www.econbiz.de/10015219128
This study improves the African Regional Integration Index (ARII) proposed by the African Union, the African Development Bank and the United Nations Economic Commission for Africa by providing a theoretical framework and addressing shortcomings related to weighting and aggregation of the...
Persistent link: https://www.econbiz.de/10015219492
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10015220291
We compare banking in economic systems of different type, namely X-type (redistributive economy) and Y-type (market economy). In an X-type economic system banking has a peculiar institutional design and is organized “top-down”, whereas in a Y-type market economy we see a “bottom-up...
Persistent link: https://www.econbiz.de/10015221838