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Publications (3)
Journal Article
– Supply and demand restraints in North-South macro-model
This paper constructs a macroeconomic model of North–South interaction where the flow of narcotics from the South to the North is restricted. The economic effects are akin to quantitative restrictions in trade policy. Two alternative policy scenarios will be considered. One involves reducing the...
Journal Article
The Russian Federation inherited a fairly well-developed, mature educational system from the Soviet Union. Most school-age children had access to general education; literacy was almost universal. Transition exposed weaknesses in this system tailored to the needs of a centrally planned economy...
Journal Article
This article argues that developing countries face inherent obstacles in setting up efficient financial regulation, and building up a sound banking sector: the presence of multiple tasks and multiple principals, poor institutions, lack of economies of scale in the banking sector as well as...
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