“Value recovery of stolen assets is both an enforcement of anti-money laundering laws and a potent weapon against corruption. When obtainable, it represents society’s credible commitment to ensure that “crimes do not pay.” We explore these linkages by …

“Insofar that it corrodes governance, engendering opportunistic crimes, grand corruption lies at the core of the problem of illicit financial flows. We identify at least two likely antagonistic circles in the illicit flow process—a virtuous circle and …

“What can Africa make of this new interest by China and India on African affairs, political and economic? This paper lays out a framework for the study of one dimension of these issues, the interplay between politics at the international and the domest …

“This paper develops a framework for making decisions on the type of infrastructure to build and where to build. The basic intuition is that by deriving the marginal physical products of installed infrastructure, we can prioritize infrastructure invest …

“The paper is organized as follows: Section II reviews the development of the parallel forex market in Nigeria and Section III looks at the risk/return characteristics implicit in this simplest trading strategy of “buy and hold” an optimal portfolio of …