Analyses of the nature of debt-relying on the theory of rational expectations-conclude that the burden of public debt need not fall on future generations if the present one anticipates the higher taxes needed in future for ...

The three pillars of Basel II introduce new capital ratios, new supervisory procedures, and demand better disclosure to ensure effective market discipline in both the equity and debt markets. Included in these requirements, ...

Liberalisation and privatization have been advocated by academics and international regulators as solutions to promote development in both emerging and advanced nations. However there is not only a failure to perceive gradations ...