There has been a glaring lack of research on institutional configurations, which impede rather than promote economic success. Building on Richard Whitley's business systems theory and based on the experience of East Africa, this paper attempts to fill a gap in the literature by identifying a...

It is often claimed that annuities are now 'expensive'. That claim is at least partly based on money illusion. Careful analysis shows that the current prices of annuities are largely the result of a decline in inflation expectations which has brought about a change in the income stream for annuities

In the face of declining net interest margins, depository institutions have entered new product areas over the past two decades, moving from traditional lending to areas that generate non-interest revenues. The change is of importance for financial stability. The more unstable is a bank's...

Banking markets across the world are evolving rapidly, under the impact of financial innovation, globalisation, and information technology. Within Europe these changes are especially fast and far-reaching, accelerated by both the completion of the single market in financial services and the...

In March 1981, 364 economists agreed to write to The Times arguing strongly against the then government's monetary and fiscal policy. However, the Thatcher government decided to ignore these voices and continue the pursuit of policies to defeat inflation and restore fiscal responsibility. To the...

This paper provides an overview of the human resource management implications associated with the rise of right-wing populism. Our perspective is based on a review of the managerial, policy, and academic literature. We highlight some of the potentially negative human resource management...

The COVID-19 pandemic has resulted in governments playing increasingly prominent roles as active economic agents. However, state capitalism does not necessarily serve broad developmental purposes, and rather can be directed to supporting sectional and private interests. As the literature on...