Finance
In Search of a Monetary Anchor
Warren Coats
Издател: ICS Press
This paper explores recent versions of older ideas for stabilizing the value of money based on an independently defined unit of account. The gold standard was such a system, but suffered from gold`s fluctuating relative value and the costly need to redeem money for gold. This paper explores monetary standards with relatively constant real values
Incentive Reforms in Developing Country Bureaucracies
Dilip Mookherjee
Издател: The World Bank
What major problems are likely to be encountered in designing and implementing pay-for-performance mechanisms for public bureaucrats? This paper examines this question in the context of tax administration, drawing on both economic theory and recent reform efforts in developing countries. Incentive schemes may or may not increase corruption; more
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