Articles
Articles and analyses from the INET community on the key economic questions of our time.

The Lost World of Sovereign Bankruptcy and the Future of Government Default
Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

The Libertarian Anti-Apartheid White Supremacy of W.H. Hutt
James M. Buchanan’s defenders argue he was not racist because of his ties with the anti-apartheid economist W.H. Hutt, but this defense fails miserably

Axel Leijunhufvud, Wide-Ranging Economist
An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

A Sobering View of High Fuel Prices, Green Energy, and Biden’s Plans to Help Europe
Veteran researcher sheds light on what’s going on, how long the pain might last, and possible paths forward.

Event Video: MLK 55 Years Later: Can The Church Study War No More?
On April 4th, 1967, at a time when the justness and necessity of the Vietnam War was broadly accepted, Dr. King issued a stirring rebuke of the U.S. establishment. He was criticized heavily for challenging US foreign policy; he was told to stick to civil rights.

Special Drawing Rights and Elasticity in the International Monetary System
How could the new SDR allocation help developing countries?

Paper: Digital Access and Economic Transformation in Africa
An overview of the current digital access landscape in Africa

Paper: Demography, Inclusive Growth and Youth Employment in Africa
The youth paradox is accentuated by the effects of Covid-19, while the concrete short- and medium-term prospects for young people remain unclear.

How Inequality Leads to Industrial Feudalism
In a society where asset ownership is incredibly unequal, social mobility becomes severely diminished

Should Central Bank Liquidity Provision Be a Vehicle for Fiscal Discipline?
By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.