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Foreign Inflows And Macroeconomic Policy In India
BNET
- 2006-08-11
How should macroeconomic policy in India respond to the dramatic strengthening of the balance of payments in the current decade? This controversial subject of contemporary Indian debate is addressed below. The paper begins with an assessment of the external aspects of India's macroeconomic management in the 1990s. It proceeds to...
Sovereign Debt Without Default Penalties
BNET
- 2005-11-14
The basic question regarding sovereign debt is why sovereign borrowers ever repay, provided that creditors have no power to foreclose on any of their assets. In this paper an answer is suggested: sovereign debt will be served as long as the median voter is a net loser from default. Default...
Work and Labour in Global Economies: The Case of Western Europe
BNET
- 2003-04-16
This article examines the new trends in the regulation of work brought about by recent changes in the economy. Contrary to received wisdom, what is taking place in most European economies is not a generalized employers' attack on negotiation in order to restore unilateral authority. Rather, it is the growth...
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