In this article the attempt to examine the effects of tax policy in the framework of two-sector model with factor markets and intermediate goods is considered. In this connection the difference between intermediate and final goods is introduced. Model was extended to introduce the imported and domestic intermediate goods and production functions to produce domestic goods and exports. The basic ...

Approval plans in large academic research libraries have had mixed acceptance and success. Much of the negative reaction may be caused by not designing a plan suitable for the book market and the needs of research libraries. The author compares the viability of subjectand publisher-based plans for academic libraries in both domestic and international markets and presents the case for the overri...

What determines the sustainability of sovereign debt? In this paper, we develop a model where myopic governments seek electoral popularity but can nevertheless commit credibly to service external debt. They do not default when they are poor even though default costs are low because they would lose access to debt markets and be forced to reduce spending; they do not default when they become rich...

This paper compares the effects of exchange rate movements on the risk/return characteristics of direct investment property assets for non-domestic investors with particular emphasis on economic and translation risk. The correspondence between four property markets (US, UK, Canada, and Australia) and the appropriate exchange rates are examined in order to analyse the pattern and temporal stabil...

The European Monetary Union (EMU) has generated a variety of changes, including the loss of national monetary policy autonomy and the creation of deeper integrated intraEuropean markets for goods, services, and financial instruments. This article explores the extent to which EMU has changed the ways in which and the extent to which international financial markets influence national policy choic...