Financial systems reform and corporate reform are deeply intertwined and thus are best addressed simultaneously and comprehensively. Indonesia is seeking to do this by developing rules, institutions, and mechanisms to achieve good corporate governance, while working to build an effectively functioning financial system that facilitates good corporate governance. This paper explores this quest in...

This paper offers an economic assessment of the opportunities and challenges provided by the WTO’s Doha Development Agenda, particularly through agricultural trade liberalization, for low-income countries seeking to trade their way out of poverty. After discussing links between poverty, economic growth and trade, it reports modelling results showing that farm product markets remain the most cos...

Many past studies documented a strong evidence of a linkage between stock prices and macroeconomic activities across different stock markets and time horizons. However, most of these studies have focused on developed economies and highlighted the impact of either domestic variables or a few global factors. In recent times, the impact of global macroeconomic factors upon stock returns has garner...

OPPORTUNITIES The economic environment of the rural poor comprises several interlocking markets: for agricultural produce and for agri-inputs; for production support (agricultural extension) or financial services; for information; for assets, including land and water; for labour; and for food and other consumer goods. The terms upon which the rural poor enter and participate in such markets are...

a r t i c l e i n f o In this paper, I investigate the determinants of price differences in the shares of cross-listed firms in domestic and foreign markets. Diverging from the literature in this field, I introduce a methodology that is independent of any specific form of utility function. My theoretical analysis indicates that investment opportunities and consumption growth cause price dispari...

Governments often actively participate in storage and trading activities and impose price controls to allay fears of future scarcity and to control ‘collusive practices’ and ‘speculative activities’ of private operators. In this paper, we analyze the impacts of deregulating domestic grain markets in India based on a spatial equilibrium model of interstate trade under arbitrage opportunities. We...

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The issue of food safety in the United States has been fomented in recent years by highly publicized outbreaks of foodborne disease. These outbreaks have stimulated revision of Federal regulations for food inspection in packing plants, and spawned consumer groups advocating the control of foodborne pathogens in animal production systems. The United States has recently become a net exporter of p...