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This chapter argues that there are a number of different versions of decoupling hypotheses and that rapid swings in their popularity are due largely to herding in popular mental models and shifts in short-run correlations. It is important to not put too much emphasis on such changes of correlations since these can vary substantially depending on the patterns of shocks. There are substantial differences in the effects of contagion during the current crisis on growth rates of both advanced and emerging economies, including Brazil, Russia, India, and China (the BRICs). Our estimates suggest that while countries like China and India have been able to maintain high growth rates, their short falls from trends have not been greatly smaller than for the United States itself. Thus, their decoupling has not been as great as many popular analyses have suggested.

The latest generation of research into macroeconomic policy has turned from more technical aspects of optimal control and expectations formation to consideration of the policymaking institutions themselves. More and more countries have moved towards greater degrees of central bank independence, including many developing economies as well the member countries of the European Central Bank. What still is not generally settled among economists is how to measure the stance of policy and the institutional features of the policymaking process. The purpose of this paper is to assess prevailing monetary and fiscal policies.

The paper takes the form of a review encompassing many different measurements of policy stance and policymaking processes. The authors begin with monetary policy followed by an analysis of central bank institutions. The next sections turn to fiscal policy and the need to adjust budget balance for the state of the business cycle. There is then a brief concluding section.

The authors show in this review that fiscal and monetary rules, and economists' understanding of them, have changed substantially over the years. While on one level there is greater consensus, there have been new questions raised in the process that leave plenty of room for further ongoing research in these key policy areas as well as the optimal design of the design of the monetary and fiscal institutions concerned.

The paper provides a review of the existing literature updated and applied with reference to recent events, including the global financial crisis.

The purpose of this paper is to stress the role that several defective theories or views of the world played in generating the subprime financial crisis.

This is done by describing these views, showing that they were widely held by relevant decision makers, and by analyzing the flaws in these views. A considerable amount of literature is surveyed in the process.

It was found that these defective views did play a major role in generating the crisis.

Implications of the analysis for future research are discussed.

Implications of the analysis for reform of private and public sector financial policies are discussed.

While most of the arguments in the paper are not new, no paper of which the author is aware pulls them together with the same emphasis on how faulty mental models interacted with dangerous incentive structures to play a prime role in generating the crisis. The paper also references a much wider range of literature on the crisis than any study of which the author is aware. The paper should be of value to any one interested in the causes of the crisis and ways to make future crises less likely.

The Minister of Health, in exercise of all powers enabling him by any Statute in that behalf, hereby Orders as follows :—

The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises.

Sudden stop and currency crisis events are identified and empirical regularities among them are analyzed based on the annual data of 25 emerging market countries from 1990 to 2003.

Puzzlingly, these two seemingly close expressions of crises overlap less than 50 percent of the time and sudden stops more frequently precede than follow currency crises. Also the two different sudden stop measures are not strongly correlated with each other.

This shows that it can make a great deal of difference what measure is used and suggests that studies in this area should be sure to check the robustness of their results to different measures.

The authors think that the proper analysis should focus on how to use these different measures to understand the nature of the crises. Thus, sudden stop and currency crisis measures should be used as complements, rather than substitutes.

The alarming frequency of the emerging market crises during the last three decades has motivated a large volume of theoretical and empirical literature on the subject. The paper's results advance understanding of these events.

A large body of studies on currency crises coexists with a growing literature on sudden stops yet a majority of the studies that investigate either one of these phenomena do not mention the other. The paper adds value by investigating empirical relationships between them.

The recurrence of banking crises throughout the 1980s and 1990s, and in the more recent 2008‐09 global financial crisis, has led to an expanding empirical literature on crisis explanation and prediction. The purpose of this paper is to provide an analytical review of proxies for and important determinants of banking crises‐credit growth, financial liberalization, bank regulation and supervision.

The study surveys the banking crisis literature by comparing proxies for and measures of banking crises and policy‐related variables in the literature. Advantages and disadvantages of different proxies are discussed.

Disagreements about determinants of banking crises are in part explained by the difference in the chosen proxies used in empirical models. The usefulness of different proxies depends partly on constraints in terms of time and country coverage but also on what particular policy question is asked.

The study offers a comprehensive analysis of measurements of banking crises, credit growth, financial liberalization and banking regulations and concludes with an assessment of existing proxies and databases. Since, the review points to the choice of proxies that best fit specific research objectives, it should serve as a reference point for empirical researchers in the banking crisis area.

This paper aims to explore Canadian in/exclusion of Aboriginal groups to/from access to mainstream business resources and opportunities. The focus is one prominent non-governmental program, the Canadian Aboriginal Prosperity and Entrepreneurship (CAPE) Fund, designed to provide equity to Aboriginal businesses. Do programs such as CAPE Fund promote Aboriginal entrepreneurship that liberates “others” on their own terms? or are they “civilizing missions” that attempt to impose Euro-centric practices and values?

The authors critically analyze the “promises” of entrepreneurship through CAPE Fund using TribalCrit, a framework rooted in critical race theory (CRT) and postcolonialism. The authors used a CRT research method highlighting two organizational narratives, describing CAPE Fund financing in two separate ventures. The research allowed to test the theory’s use in practical situations.

This paper develops a postcolonial conception of entrepreneurship to address the realities and needs of Aboriginal communities. Analysis of Canada’s CAPE Fund within two organizational narratives identified aspects of promise (active Aboriginal business ownership) and shortcomings (practices that attempted to erase inequity in ways that led to neocolonial subjugation).

This paper attempts to build theory while engaging in CRT research that relies on organizational narratives. Narrative approaches offer depth of understanding but are not generalizable because of the limited scope of organizations studied.

The research methods used and framework developed offer researchers new approaches to better understand Indigenous and Aboriginal entrepreneurship outcomes. The findings point to specific Aboriginal funding issues that can be addressed by other funding agencies who wish to create more inclusive structures.

Financial programs that might improve the possibility of self-determination of Aboriginal peoples within the postcolonial ideal must “hold both economic and non-economic objectives in tension” (Overall et al., 2010 p. 157) in ways that typically disadvantage Aboriginal entrepreneurs.

This is the first, fully articulated framework for postcolonial entrepreneurship, grounded in CRT and applied to analyze Canada’s CAPE Fund.

The purpose of this paper is to analyse how young people as consumers are using one particular social networking site (Bebo), and how these young consumers are engaging with discourses which position them variously as vulnerable to online risk and as members of the knowledgeable “net generation”.

The article provides an in‐depth analysis of data collected from 24 Bebo participants, ages 14‐16, focusing mainly on interviews. Discourse analysis is used to uncover the ways that the participants in the study position themselves in relation to discourses surrounding teenagers as consumers on social networking sites.

The analysis demonstrates that teenagers are using Bebo in very specific ways as part of a range of modes of communication with different audiences. Often their use of Bebo is quite banal, highlighting the possibility that adults (parents, researchers, government, NGOs) over‐invest in the meaning of Bebo for young teens. However, typical of the tensions involved in people's subject positioning, the interviewees also indicate that Bebo is serving particular purposes in relation to their identities as teenagers. Therefore, the article considers dimensions of the “life stage” of adolescence as a way of understanding the significance of Bebo in teenagers' lives.

The article provides an in‐depth analysis of qualitative data related to a small age‐range of consumers on a specific social networking site. This focus highlights the specificity of Bebo as a social networking site, as well as the particular ways that these 14‐16 year olds engage with various technologies and discursive practices surrounding young consumers online.

The study found a significant correlation between the number of external links and the journal impact factor for LIS journals. Journals with higher journal impact factor scores tend to attract more links to their Web sites. The study also investigated issues pertaining to data collection methods for webometrics research. It showed that the choice of search engine for data collection could affect the conclusion of a study. Data collected at different time periods were found to be fairly stable. The use of multiple rounds of data collection was shown to be beneficial, especially when the result from a single round of data is borderline significant or inconclusive.