Financial markets witness high levels of activity at certain times but remain calm at others. This makes the flow of physical time discontinuous. Therefore, to use physical time scales for studying financial time series runs the risk of missing important activities. An alternative approach is to...

Financial markets witness high levels of activity at certain times, but remain calm at others. This makes the flow of physical time discontinuous. Therefore using physical time scales for studying financial time series, runs the risk of missing important activities. An alternative approach is...

Recognising that aid effectiveness critically depends upon the quality of host country institutions and policies, international aid agencies have sought to inform their activities through more systematic political economy analysis (PEA). Three analytical frameworks for PEA are compared,...

This paper examines the tensions that exist in financial inclusion policy between donor approaches founded on market modernism and governments with more activist leanings. It draws on political economy analysis - now frequently used by donors themselves - to demonstrate the underlying dynamics...