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Contemporary Economic Policy articles from January 1997
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Contemporary Economic Policy archives from January 1997
Black market exchange rates and capital mobility in Asian economies.
January 1, 1997... I. INTRODUCTION
Since the early 1980s, many developing countries in the Asian Pacific region have been under pressure to open their domestic financial markets and dismantle their capital controls. Singapore and Malaysia abolished foreign...
Optimum currency areas and European monetary unification.
January 1, 1997... I. INTRODUCTION
The process of European unification took a new turn in December 1991, when political leaders approved the Maastricht Treaty, which committed the European Community (EC) to a single currency and a common Central Bank in three...
A benefit-cost analysis of disinflation.
January 1, 1997... I. INTRODUCTION
In recent years, the debate on establishing price stability as the sole objective of monetary policy has intensified. Advocates of price stability argue that monetary policy has only a transitory effect on real variables such...
Public and private investment and economic growth in Mexico.
January 1, 1997... I. INTRODUCTION
The 1980s debt crisis brought an end to more than four decades of state-led growth in Latin America. Cash-strapped governments of Argentina, Brazil, Chile, and Mexico no longer considered the strategy of inward-looking growth...
Disinvestment from South Africa: they did well by doing good.
January 1, 1997... I. INTRODUCTION
As U.S. businesses and investors weigh a return to investment and operations in South Africa, one might consider the effect the withdrawal or disinvestment from South Africa of the 1980s had on the rates of return of the...
Scale economies and police department consolidation evidence from Los Angeles.
January 1, 1997... I. INTRODUCTION
The cost structure of government production is an important policy issue given the possible cost savings that local governments can achieve by consolidating the provision of public goods. Gyimah-Brempong (1987, 1989a) suggests...