Archive for March 2nd, 2012

The effect of exposing corruption on electoral outcomes…

March 2, 2012

A nice paper given India’s election season (though late). Written by four econs.

They do an experiment in Mexico. They spread info incumbents corruption activities.  The impact is not just not voting for the incumbent but fewer people vote as well:

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Lessons for Greece from Argentina

March 2, 2012

After Guillermo Ortiz gave broad lessons to Europe from LatAm crisis, here is another  piece of advice from Mark Weisbrot and Juan Antonio Montecino of CEPR. This time it is lessons for Argentina.

The say Greece is being forced to do a painful adjustment from the crisis. It is trying to recover via internal adjustment which only worsens the crisis. In Argentina, we also had the same thing where internal devaluation was tried which worsened prospects. It was only when Arg broke the currency board and let its currency devalue (which is external devaluation) could it come out of the crisis. And it did come out of the crisis fairly quickly unlike Greece and others which are taking many more years.

Though this story has been played earlier as well, the paper still has some interesting facts and analysis.

The authors pass the main issue with Greece going to Drachma rather casually:

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Origins of the VISA Electronic Payment System

March 2, 2012

In 2011  David L. Stearns of Seattle Pacific University wrote a book called – Electronic Value Exchange: Origins of the VISA Electronic Payment System.

I haven’t read the book but read its review on EH.net. Looks quite an interesting book. Goes into history of how this VISA payment network came up.

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