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Volume 17, Number 4: October - December 2016

Implications of Illicit Financial Outflows for Macro-economic Management and Development Effectiveness in Africa

  Implications of Illicit Financial Outflows for Macro-economic Management and Development Effectiveness in Africa 
A persistent rise in illicit financial outflows has compounded macroeconomic management challenges and heightened the risks of recurrent balance of payments crises. It has undermined the build-up... 
Now You See Them, Now You Don’t: the Case of the Shrinking Global Economic Imbalances

  Now You See Them, Now You Don’t: the Case of the Shrinking Global Economic Imbalances 
Global economic imbalances in the mid-2000s reached a level that many commentators viewed as unsustainable. The claim was frequently made that the imbalances contributed significantly to causing the world-wide financial and economic crisis at the end of the decade...
Global Integration and World Migration

  Global Integration and World Migration 
This paper explores a theory of migration based upon a number of conjectures about the role of digital media. It proposes that a number of factors including rising use of the internet providing widespread access to global information ...

The Universal Credit Rating Group: Measuring Debt Ethically

  The Universal Credit Rating Group: Measuring Debt Ethically 
The Universal Credit Rating Group (UCRG) is a collection of rating agencies that are aiming to redress what they see as an imbalance in the provision of credit ratings across the global economy...

Measuring the Success of Industrial Policy in Australia

  Measuring the Success of Industrial Policy in Australia 
Industry policy in the context of trade liberalization has played a critical reinforcing role in re-orienting production in the Australian manufacturing sector from the domestic to international market...

Institutions, Economic Growth and Development: A Conversation with Nobel Laureate Douglass North

  Institutions, Economic Growth and Development: A Conversation with Douglass North
A transcript of an interview made by Professor Brian Snowden with the late Douglass North, Noble Laureate who died in 2015

Volume 17, Number 3: July - September 2016

Towards a Better Understanding of International Capital Volatility

  Towards a Better Understanding of International Capital Volatility 
International capital movements exert potentially significant effects on many key macroeconomic variables. The pattern of capital mobility reveals ...
The Creation of the Asian Infrastructure and Investment Bank

  The Creation of the Asian Infrastructure and Investment Bank 
The Global Financial Crisis pulled institutions together diplomatically and economically. It clarified options and failures of the past and hastened coordinated reforms. ...
The Political Limits of Independent Monetary Policy

  The Political Limits of Independent Monetary Policy 
Central banks in advanced economies have adopted a number of less conventional policy measures since the onset of the financial crisis and great recession. However, the efficiency of these measures remains highly uncertain...
Secular Stagnation and Two Articles of Faith of the Conventional Wisdom

  Secular Stagnation and Two Articles of Faith of the Conventional Wisdom  
A consideration of the current discussion of 'Secular Stagnation' and it's disproportionate weight on discussing inadequate investment demand and fiscal stimulus...
Exploding Debt Syndrome: The Politics of the Greek Debt Crisis

  Exploding Debt Syndrome: The Politics of the Greek Debt Crisis
This paper fills in many of the gaps, by examining both the historical and the political forces behind the current Eurozone debt crisis with reference to Greece’s continuing debt problems.





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