This paper examines the way local Kenyan politics have affected implementation of the Standard Gauge Railway. It points to initial and immediate development opportunities for local content, jobs, and skills while arguing for a more rigorous assessment of the SGR's economic development...

As part of China's new "Belt and Road Initiative," Kenya's Standard Gauge Railway (SGR) aims to open East and Central Africa up to Chinese trade and investment. The first phase of the SGR, from Mombassa to Nairobi, is being constructed by the China Roads and Bridges Corporation (CRBC). Much like...

The rapid growth of the credit default swap (CDS) market and the increased number of defaults in recent years have led to major changes in the way CDS contracts are settled when default occurs. Auctions are increasingly the mechanism used to settle these contracts, replacing physical transfers...

This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan - in responding to financial crises. The EU's response is naturally multilateral, but the...