Credit Risk Management: Basic Concepts is the first book of a series of three with the
objective of providing an overview of all aspects, steps, and issues that should be …

Reviewing 40 years of hard, empirical data, from China and India to Chile and Iraq, the
authors show that poor democracies beat poor autocracies in every economic measure. In …

This paper sets out the research agenda of the Kolleg-Forschergruppe “The Transformative
Power of Europe. The European Union and the Diffusion of Ideas”. The diffusion of ideas …

This paper proposes a new measure of contagion, based on the frequency analysis of
causality developed recently by Breitung and Candelon [Breitung, J., Candelon, B. 2006 …

The author reviews objective and subjective factors, which result in the emergence and flow
of financial crises, its phases (stages); identifies influence of the financial globalization on …

This paper explores the role of exchange rates in emerging economies with inflation-
targeting regimes, an issue that has become especially germane during the current episode …

To explain cross-country income differences, research has recently focused on the so-called
deep determinants of economic development, notably institutions and geography. This …

This paper takes an asset pricing perspective to investigate the equity market comovement
and contagion at the sector level during the period 1990‐2004 across the regions of Europe …

In this paper, we propose an empirical model based on the heterogeneous agents literature.
Price changes are induced by fundamental, technical, and international factors. The model …

1 With the end of the Cold War, states and international organizations have systematically
mainstreamed good governance in their development strategies for third countries. The …