VOLUME 7 • 2008
CONTEMPORANEOUS MONETARY POLICY DECISION AND GROWING GLOBAL FINANCIAL INTEGRATION
ABSTRACT. Mohanty and Scatigna remark that growing global financial in- tegration has influenced monetary policy in important ways. Boháček and Mendizábal analyze the propagation of monetary policy shocks through the creation of credit in an economy. Bhattacharya says that the most important part of..
TECHNICAL DEVELOPMENTS AND HUMAN-CENTERED PRODUCTION SYSTEMS
ABSTRACT. Scott offers an analysis of the complex interrelationships between metropolitan development in the United States and the logic and dynamics of the system of economic production. Kovács and Moniz analyze the problems and trends of the introduction of anthropocentric production systems (APS)..
MONETARY POLICY SHOCKS AND FINANCIAL STABILITY
ABSTRACT. Rogoff argues that for countries with well-developed financial markets, the thin information content of exchange rates makes them of limited use in a monetary policy rule. Bils et al. reject the joint hypothesis of sticky-price models and popular monetary policy identification schemes. Sve..
INTERNAL CONTROL EFFECTIVENESS AND RISK-MANAGEMENT PROCESS
ABSTRACT. Hwang et al. write that information technology and the Internet have been major drivers for changes in all aspects of business processes and activities. Sutton and Hampton argue that in an extended enterprise environment where a client organization now inherits significantly greater risk f..
PRODUCTION SYSTEMS AND ENVIRONMENTAL MANAGEMENT
ABSTRACT. Mochida and Ohira write that world primary energy consumption reached 9.74 billion tons in crude oil equivalent in 2003, with oil and natural gas accounting for 61 percent. Kovács and Moniz analyze the type of existing industrial relations, the union and employer strategies and some aspect..
INFLATIONARY EXPECTATIONS AND THE TRANSMISSION OF THE POLICY INTEREST RATE
ABSTRACT. Duarte assumes that the monetary authority controls the nominal interest rate and supplies the amount of nominal money balances demanded. Bhuiyan also assumes that people form inflationary expectations looking at the contemporaneous monetary policy decision, the real interest rate, the exc..
JUSTICE, THE LAW OF CONTRACTS, AND THE ECONOMICS OF LAW
ABSTRACT. Trebilcock and Leng say that three non-state institutions of contract enforcement are utilized extensively to mitigate contracting problems arising from cross-border transactions: international commercial arbitration, transnational business and social networks, and barter/countertrade. Kat..
CONTRACT LAW, ECONOMIC REASONING, AND TRADE AGREEMENTS
ABSTRACT. Hatzis presents an economic model of Civil contract law, and tries to clarify some common misconceptions. Schwartz and Scott hold that a theory of contract law that focuses only on the enforcement of bargains must consider the entire continuum from standard form contracts between firms and..
THE LOGIC OF STATE PUNISHMENT AND CRIMINAL RESPONSIBILITY
ABSTRACT. Garland states that the logic of state punishment remains at bottom political rather than penological. The difference in the extension of "excuse" reflects the normal difference in scope of criminal and of moral responsibility. Palermo and White expose the perceptions and dilemmas of law p..
LAW REFORMS AND DOMESTIC VIOLENCE
ABSTRACT. Kelly argues that by dismissing the possibility of female violence, the framework of legal programs and social norms is narrowly shaped to respond only to the male abuse of women. Luciano et al. focus on budgetary implications of domestic violence (DV) laws in Chile, Costa Rica, Dominican ..
HOW LEGAL INSTITUTIONS IMPACT COUNTRIES’ FINANCIAL DEVELOPMENT
ABSTRACT. Trebilcock and Leng address the extent to which political theorizing about the role and structure of private law applies universally, or whether such theorizing is highly contingent on context-specific political, cultural, and social values and practices. Wiener Katz observes that the grow..
CONTRACT LAW AND BEHAVIORAL ECONOMICS
ABSTRACT. Nunn constructs measures of the efficiency of contract enforcement across countries, and the importance of relationship-specific investments across countries. Schwartz and Scott maintain that contracts sometimes fall within the self-enforcing range and reputation can make promises to perfo..