Economic policies, not initial conditions, determine whether countries stagnate. The black market premium on foreign exchange is an important factor in stagnati

In the domain of science concerned with systems structure and behavior, the issue of the relationship between the micro and the macro level is of key importance

This study discusses ways of evaluating financial regulations and their effect on macroeconomic, allocative, protective, and other financial systems. It is a ha

Efficient and equitable policies for managing disaster risks and adapting to global environmental change are critically dependent on development of robust optio

Measuring bank efficiency is difficult because there is no satisfactory definition of bank output. International comparisons based on operating costs and margin