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Chasing the shadows: How significant is shadow banking in emerging markets? by Swati Ghosh, Ines G. Mazo and Inci Ötker-Robe, published by World Bank. “Shadow banking in EMDEs generally does not involve long, complex, opaque chains of intermediation, as…

Is brazilian manufacturing losing its drive? by Jorge Arbache (09/2012), indicates by Arthur Garbayo. “The article discusses the origins of the slowdown, ans the new challenges faced by Brazilian industry. The article argues that, although challenges are extensive and…

Taxation and development – Again by Michael Keen published by IMF (08/2012), indicated by Humberto Laudares. “The point stressed here, however, is simply that the practical advice which emerges from analysis and practical experience needs, if it is to…

United States – 2012 article IV consultation by IMF (08/2012). “Striking the right balance between fiscal consolidation and macroeconomic policy support would benefit the rest of the world, as it would avoid the risk of a spike in U.S….

Is U.S. economic growth over? Faltering innovation confronts the six headwinds by Robert J. Gordon published by NBER (08/2012), indicated by Alvaro Manoel. “This paper raises basic questions about the process of economic growth. It questions the assumption, nearly…

The IRS is a bureau of the Department of the Treasury and one of the world’s most efficient tax administrators. The IRS reorganized itself to closely resemble the private sector model of organizing around customers with similar needs. The…