Montenegro gained independence from Serbia and Montenegro in 2006 and became a candidate European Union (EU) member state in 2010. In April of this year the EU-Montenegro Joint Consultative Committee (JCC) sent a clear message to the 27 EU members that Montenegro, a regional EU accession frontrunner, is firmly committed to becoming the 28th EU member […]
Emerging technologies have the potential to “disrupt” infrastructure public-private partnerships (PPPs) as technological change is expanding with ever-increasing speed across the globe. As a result, governments have to rethink how they plan, design, procure, and implement PPP infrastructure projects. Disruptive technology, or disruptive innovation, describes technological advancements that lead to transformative change characterized by rapidly advancing […]
It is generally believed that standard macroeconomic models of foreign exchange rates do not fit the data well. However, this column argues that a model that includes real interest rates, expected inflation, the US trade balance, and measures of global risk and liquidity demand fits the data for the US dollar against other G10 currencies […]
As India’s urban population grows, developing high-quality mass transit systems becomes essential, but financing remains a challenge. Implementing advertising, leasing space, property development, and shopping at stations can significantly enhance financial sustainability for metro companies. I disembarked at a metro station in Delhi and as the gleaming coaches of the train sped off, I marveled […]
