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Publications (19)
Much has been written about EMU, mostly concerning its desirability and whether it will ever come to exist. Now it is here, and likely to stay. The 'next generation' of research on EMU is already under way, and this volume presents a significant sample of that research. The authors explore questions...
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The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries. In strictly economic terms, influences will be communicated through both trade and financial channels. Economies in the developing world will be...
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– Retrospect and Prospect
The management of international reserves remains one of the understudied aspects of the international monetary system. There are now a number of reasons why this should change. On the supply side of the market there is the advent of the euro, creating a full-fledged rival to the dollar for the first...
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The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods. The long-run relations between exchange rate volatility and exports are mostly negative and in several cases...
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– Commitment, institutional Capacity and the Monetary-Fiscal Mix
An interesting theory of transition must give a convincing account of structural adjustment and supply side improvement. In this paper, I discuss the incentives for government to undertake costly supply side improvement and how these relate to incentives governing the design of monetary and fiscal...
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The emergence of the euro as a key currency, perhaps eventually rivalling the US dollar in importance, may have important macroeconomic implications for industrial as well as developing economies in the years ahead. This paper focuses on two related questions. First, what effects, if any, will the...
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We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation, as an external agency of restraint and in promoting...
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– What Are the Issues at Stake?
The privatization trend affecting the state involvement in productive sectors is also challenging the role of the state in the provision of social services. And, as private participation in social sectors increases, a regulatory framework is needed to ensure that the market reaches socially...
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– A Critical Review
The aim of this paper is to review the principal assumptions and aspects of the unitary household model and collective models of household behaviour. Empirical studies are presented to assess whether the theories can offer adequate descriptions of household behaviour and to examine the types of...
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– A Long-Term Perspective
This paper discusses the main changes in infant, child and maternal mortality which have occurred over 1960-1995 in Sub-Saharan Africa and analyses the main factors responsible for the observed shifts in these health trends. To do so, the paper surveys the major mortality models discussed in the...
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– A Case Study of Tanzania
The first part of the paper describes steps which Tanzania took in order to provide key social services to her people. Tanzania made great efforts within the ujamaa socialist system to provide free social services for rural as well as urban people, regardless of their income level. Even after the...
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– Towards Synergy
In recent years churches, NGOs and community associations, commonly referred to as civic organizations, have been playing an increasing role in the provision of social services in response to fiscal stress, state inefficiency and an ideological environment favouring non-state action. In this paper...
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The analysis of the optimal funding of education is complicated by the numerous and serious market failures which are likely to characterize a free market for education. Prominent amongst these are the likely external benefits of education, stressed by some new economic growth models. However, no...
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– Concepts and Issues
This paper is the fruit of an attempt to distinguish the elements, present in a fiscal decentralization process, that are likely to contribute to efficiency enhancement in the provision of social services in developing countries. From the methodological point of view, the paper makes an effort...
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A good deal is known about what makes for successful economic development, but very little is known about how to get there - that entails an understanding of the process of economic change. The paper first examines the sources of successful growth and then explores the process of dynamic change of...
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– A Review of the Underlying Theory and Assumptions
The paper reviews the theoretical basis for the application of user fees in the public health sector in low-income countries with particular reference to the special characteristics of medical care as a commodity. The general equilibrium efficiency result of the market mechanism is shown to be the...
Displaying 16 of 19 results