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The Single Global Currency - Common Cents for Commerce
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2008
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
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The Single Global Currency - Common Cents for the World (2007 Edition)
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...
Persistent link: https://www.econbiz.de/10005621973
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When formal institutions fail in fostering economic growth: the case of post-communist countries
Tamilina, Larysa; Tamilina, Natalya - Volkswirtschaftliche Fakultät, … - 2012
The article explains the peculiarities of institutional effects on growth rates in post-communist countries. By proposing a certain dependence of the institution-growth nexus on the nature of institutional emergence, the distinction between revolutionary and evolutionary processes of institution...
Persistent link: https://www.econbiz.de/10011258823
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The conditions for functional mechanisms of compensation and reward for environmental services
Swallow, Brent; Leimona, Beria; Yatich, Thomas; … - Volkswirtschaftliche Fakultät, … - 2010
, and Asia, are then reviewed according to a common framework. The results suggest the following to be important conditions …
Persistent link: https://www.econbiz.de/10008694161
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The Theory of Institutional Change Revisited: The Institutional Dichotomy, Its Dynamic, and Policy Implications in a More Formal Analysis
Elsner, Wolfram - Volkswirtschaftliche Fakultät, … - 2011
The original institutionalist theory of institutional change as elaborated by Paul D. Bush (1987) in the traditions of …-behavior patterns. Bush’s paper was certainly one of the most important ones in Institutionalism. The Theory of Institutional Change …, econometrics, network analysis, graph theory, or game theory—in fact, often applied only bluntly in the mainstream—have been …
Persistent link: https://www.econbiz.de/10008836408
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Supranational Integration And National Reorganization
Baskaran, Thushyanthan - Volkswirtschaftliche Fakultät, … - 2009
We explore the implications of European integration for scal decentralization in EU member states with a dataset on 21 OECD countries over the 1975-2000 period. The dierence-in-dierence methodology is used to establish causality. EU member states are classied as the treatment and non-EU OECD...
Persistent link: https://www.econbiz.de/10008529216
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The Institution of Douglass North
McCloskey, Deirdre Nansen - Volkswirtschaftliche Fakultät, … - 2009
North, with many other Samuelsonian economists, thinks of “institutions” as budget constraints in a maximization problem. But as Clifford Geertz put it, an institution such as a toll for safe passage is “rather more than a mere payment,” that is, a mere monetary constraint. “It was...
Persistent link: https://www.econbiz.de/10008541506
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INSTITUTIONAL Change as Cultural Change. An Illustration by Chinese Postsocialist Transformation
EL KAROUNI, Ilyess - Volkswirtschaftliche Fakultät, … - 2007
Culture of a society reflects its social values. So, through Chinese experience, we want to show that institutional change is not only an economic or a political process but fundamentally a cultural one. It is therefore based on a change in values and mentalities. Like in a chemical reaction, we...
Persistent link: https://www.econbiz.de/10005619358
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Destructive power, enforcement and institutional change
Vahabi, Mehrdad - Volkswirtschaftliche Fakultät, … - 2005
Institutions are usually defined as rules of the game. But if rules are dead letters without being enforced, then what is the role of destructive power in the genesis of institutions? This is the first question which will be addressed in the present paper. While the importance of incremental or...
Persistent link: https://www.econbiz.de/10005619541
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Political Entrepreneurship and Institutional Change: an Evolutionary Approach
Hederer, Christian - Volkswirtschaftliche Fakultät, … - 2007
The paper is a contribution to the theory of institutional change. Using a process-based, evolutionary framework, a … entrepreneurship, and the element of agency in general, for the evolution of formal institutions and institutional innovation. …
Persistent link: https://www.econbiz.de/10005619587