A three-dimensional generic map exhibiting spheroidal attractors of all types of dynamics possible in three dimensions is introduced. The map is designed to easily invert the stability features of the spheroidal attractors giving rise to repellors or basin boundaries of locally similar geometric...

Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it...

A number of recent survey articles express hope that new data from enterprise surveys would shed new light on corruption complementing the corruption perception index by Transparency International. The paper explores this using the World Bank's Enterprise Survey data globally and not just the...

This essay first sets out the"business model"problems entailed by corruption and their effects as well as implications for economic growth. Key issues are the need for secrecy and co-operation with partners in crime. Dealing with these leads to behavior which is ostensibly bizarre and undermines...

Dennis Mueller's paper raises a puzzle. Economies of scale and market power do not explain the very large size of firms in the oil and gas industry. At the same time, managers of large cash-rich firms are tempted to invest in substandard projects and firms, e.g. via mergers. This should spell...