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what is the stability of the emu banking sectorlow currency risk external balance and the stability of the emu banking sector and financial markets
state the international policy coordinationthere may be two sources of interdependence between national economic policies club goods and horizontal
describe in detail about the european monetary unionthe experimental lab for international policy coordination has been the european union where
state the issues relating to the public policy we shall focus on the issues relating to the public policy in an open economy setting in a bit more
define the meaning of lobbyistslobbyists place a premium on information while framing their arguments they often turn to research and analysis that
define the term - media are a potentially privilegedmedia are a potentially privileged means of communication in three ways they help to coordinate
discuss the importance of mediamedia are important to agenda setting in two general ways first by constructing and conveying simplified and often
the policy process - advocacy coalitions and policy learningthe mobilization of attention is what policy advocacy is primarily about and the
explain the fundamental causesof inertiathe fundamental causes of such inertia which are reflected in besides other factors in inaction and delays
what is the meaning of inertia of expectationwe now move a bit away from the political economy of policy process to look into the inherent currents
define the term - inaction and criseswe know that the standard social planner does not show and delay or have tendency of inaction and adopts a
state in brief about the term - reputationsreputations can be defined as the actions an agent and expected to take if he takes it up he establishes
set of circumstances of policy makerthe distinction leads to think what to say then to a policy which is feasible in only one set of circumstances
determine the concept of credibilitylet us make it clear that credibility of a policy and that of a policy maker are two different things
define the term - credibility and reputationnature and characteristic of the environment in which a policy has been chosen has a number of important
determine the example of a relational contracta characteristic macro example of a relational contract with a strong lock-in effect is membership of a
theories of relational contractsthese are long-term non-legal or only incompletely legal agreements the fact of incomplete foresight is taken into
theories of self-enforcing or implicit contractsthese theories relate to the problem of limits to which legal compulsion can be employed due to
determine about the principal-agent theorieswwhich concentrate especially on the problems of asymmetric information among the parties to a contract
what is the theory of contractsthe specialized relationship between principal and agent and between agents themselves in the policy process has been
describe the principal-agent framework in standard principal-agent framework an agent may be directed to maximize an objective function which may or
determine the complexities of the policy processcomplexity of the policy process affects the form of delegation of powers to the agents by the
illustrate the principle of authority or powerauthorities are delegated by the principal to agents and it is the characteristic of all the
what forces the policy maker to obey the lawwhen law directs a policy maker to carryout policy what forces the policy maker to obey the law when
determine in detail about the credibility factorlet us consider credibility factor the law institutions and other created authorities lead to