New Institutional Economics open a new methodological perspective in political economy by posing the question of why economic institutions are created. New developments in game theory are applied to many case topical studies including corruption, central bank independence, globalization and other issues in contemporary economic governance.

Notes on the Contributors Governance and New Institutional Economics: Some Introductory Remarks; Luigi Paganetto Why Poor Economic Policies must Promote Corruption: Lessons from the East for all Countries; Mancur Olson Inflation, Central Bank Independence, Labour and Financial Governance: Some Evidence from OECD Countries; Michele Bagella & Leonardo Becchetti Rules, Institutions and Crime: An Economist's Point of View; Fabio Gobbo Regulation of Capital Flows and Exchange Rate Volatility: Preliminary Results on the Italian Experience; Andrea Berardi, Alberto Dalmazzo & Giancarlo Marini Transaction Cost Politics and Economic Policy: A Framework and a Case-Study; Avinash Dixit An Economic Analysis of Proposals for Constitutional Fiscal Constraints; Giovanni Somogyi The Governance of a Globalising World Economy; Salvatore Zecchini Two Approaches to Economic Governance; Bruno Jossa Wage Control and Economic Performance; Carlo Dell'Aringa Origins of Bac Policies: Control, Corruption and Confusion; Andrei Shleifer Economic Theory and Institutions: An Introductory Note; Giovanni Caravale Conclusions; Edmund S.Phelps Index

MICHELE BAGELLA Director, Department of Economics and Institutions, University of Rome 'Tor Vergata' LEONARDO BECCHETTIDoctor of Research and M.Sc. (LSE), Department of Economics and Institutions University of Rome 'Tor Vergata' ANDREA BERARDI Researcher, Banca Comerciale Italiana, Milan and London Business School, London GIOVANNI CARAVALEProfessor of Economics, University of Rome 'La Sapienza' ALBERTO DALMAZZOResearcher, Department of Economics, University of Siena CARLO DELL'ARINGAProfessor of Economics, Catholic University, Milan AVINASH K. DIXITProfessor of Economics, Princetown University FABIO GOBBOProfessor of Economics, University of Bologna and member of Italy's Authority for Competition and the Market BRUNO JOSSAProfessor of Political Economics, University of Naples GIANCARLO MARINI Professor of Economics, University of Rome 'Tor Vergata' MANCUR OLSONProfessor of Economics, University of Maryland LUCIO SCANDIZZOProfessor of Economics, University of Rome 'Tor Vergata' ANDREI SHLEIFERProfessor of Economics, Harvard University, Cambridge, Massachussetts GIOVANNI SOMOGYIProfessor of Industrial Economics, University of Rome 'La Spaienza' SALVATORE ZECCHINIDeputy Secretary General, OECD, Paris, Director of CCET

GPSR Compliance The European Union's (EU) General Product Safety Regulation (GPSR) is a set of rules that requires consumer products to be safe and our obligations to ensure this. If you have any concerns about our products you can contact us on ProductSafety@springernature.com. In case Publisher is established outside the EU, the EU authorized representative is: Springer Nature Customer Service Center GmbH Europaplatz 3 69115 Heidelberg, Germany ProductSafety@springernature.com