Global capitalism, the anti-globalisation movement and the third world.
Introduction Only seven years ago, it would have been hard to imagine that something as stuffy as the sixth ministerial conference of the World Trade Organisation (WTO), held in Hong Kong in December 2005, would have caused so much excitement. But thanks to the anti-globalisation movement, 'formerly...

Hire an American! Economic tyranny and corruption in Iraq.
Introduction IN FEBRUARY 2005, ALMOST TWO YEARS AFTER THE ANGLO-AMERICAN INVASION of Iraq, George W. Bush (2005) issued a statement to Arab governments that encouraged good governance in their countries and promised development assistance "for countries that root out corruption, respect human rights, adhere to the rule...

Interview with Harry Leinonen: Adviser to the Board, Bank of Finland.
Harry LEINONEN: Thank you for the opportunity to be interviewed on this highly important issue. C&S: What is the Single European Payment Area (its objective, governance, etc.)? HL: SEPA is a project or process towards a common, developing and expanding retail payment area with efficient...

The conquest of worldwide inflation: currency competition and its implications for interest rates and the yield curve.
In the United States and in virtually every country around the world, inflation has declined, and in most countries dramatically so. In addition, the volatility of inflation and expectations of future inflation have also fallen significantly. I will call these changes experienced around the globe the conquest of worldwide...

Better late than never: towards a systematic review of Canada's monetary policy regime.
Canada's macroeconomic situation has not looked better since the mid-1960s, but this very fact should prompt a little reflection. Low inflation and economic stability seemed to be well established then as well, but soon after, they began to come apart, and a full quarter-century passed before they were restored....

'Where did you get the money to pay us?'.
Dr Gideon Gono, governor of the Reserve Bank of Zimbabwe (the central bank) reflects on Zimbabwe-IMF relations. "It is against the overt bias and unfair treatment we received at the hands of the IMF on 8 March 2006, that Zimbabwe lodged a formal complaint to the IMF on 13...

Two-tier banking: the rise of fringe banks in Winnipeg's inner city.
Abstract This paper uses results from a study of fringe banking of an inner city neighbourhood in Winnipeg to understand the growth of fringe banks. While fringe financial services are more expensive than mainstream bank services, the numbers of fringe banks are growing in Winnipeg and other...

Securing banking & financial centers: a complex financial center thinks outside the box to increase security and save money.
When the famous Chicago bank robber Willie Sutton was asked why he robbed banks, he simply replied, "That's where the money is." [ILLUSTRATION OMITTED] While that's still true, the security director of a financial center now has to protect much more than just the cash,...

Japan's Financial Crisis: Institutional Rigidity and Reluctant Change.
Japan's Financial Crisis: Institutional Rigidity and Reluctant Change. By Jennifer A. Amyx. Princeton: Princeton University Press, 2004. 365 pp. $39.50. Cloth. This is a fine book, one of the best I have read on Japan's political economy in years. As Jennifer Amyx well demonstrates, Japan's...

Indonesia: liberalization at the crossroad: impact on sector performance, teledensity and productivity.
Abstract: Unlike in developed countries, the liberalization process in Indonesia began at a time when telecommunication infrastructure was minimal and teledensity was below 2%. The main aim of liberalization and sector reform is consequently to increase teledensity. However, the results of liberalization have not yet been envisaged. A decade...