Does compliance matter? Assessing the relationship between sovereign risk and compliance with international monetary law

An important theory of international cooperation asserts that governments comply with international law because of the reputational costs incurred by reneging on public agreements. Countries that sign binding international agreements in the realm of monetary relations signal their commitment to an open economic system, which should reassure international market actors that the government is committed to sound economic policies. If the theory is correct, we should observe evidence that noncompliance is in fact costly. I test this argument by examining the effect of noncompliance with Article VIII of the IMF’s Articles of Agreement on sovereign risk ratings. The results show that noncompliance with the agreement mitigates any benefits that accrue to Article VIII signatories. The empirical evidence suggests that, in addition to improving economic and political conditions at home, governments in the developing world would improve their access to financial markets by signing and complying with international monetary agreements.     

Secret Law Revisited

What follows is an attempt to do some conceptual housekeeping around the notion of secret law as provided by Christopher Kutz (2013). First I consider low‐salience (or merely obscure) law, suggesting that it fails to capture the legal and moral facts that are at stake in the case which Kutz used to motivate it. Then I outline a theoretical contrast between mere obscurity and secrecy, in contrast to the “neutral” account of secrecy provided by Sissela Bok (1989). The upshot of the two sections is that low‐salience law is neither secret law nor necessarily problematic, though it closely resembles a kind of law that is both secret and problematic, namely, those legal obscurities that subvert manifest interests related to the informational needs of citizens. The ensuing argument undermines the fiction of constructive presence found in Austin and Blackstone.     

A microscopic comparison of fresh and burned bone.

Examination of the microstructure of human bone is useful in estimating age at death in forensic science cases. This technique has been tested and is well accepted, however samples of burned bone may complicate analysis because of possible changes in the microstructure occurring during the burning process. In a comparison of fresh and burned ground thin sections taken from midshaft femorae of eight dissecting-room cadavers of known age and sex, this study finds significant shrinkage of microstructural elements through the burning process. These results are compared to previous work on the subject, which found the microstructural elements to increase through the burning process.     

Applications of crime seriousness information in police departments

This article describes the use of crime seriousness information in police operations. It is based on a project at the St. Louis Metropolitan Police Department in which eight weeks of crime information were coded using the Sellin-Wolfgang seriousness scale. Statistics were then derived which quantified the seriousness of the various categories of crimes. Several applications were investigated based on the crime seriousness data. These included: (1) case assignment to detectives, (2) allocation of patrol personnel, and (3) determination of the size and location of patrol beats. Areas for future research are presented involving the use of crime seriousness data.     

Changing the method for calculating quarters of coverage: the impact on workers' insured status

The 1977 Social Security Amendments specified that, beginning in 1978, a worker would be credited with one quarter of coverage for a designated amount of annual earnings. For 1978, a worker received one quarter of coverage (up to a total of four) for each $250 in annual earnings from employment or self-employment. Before 1978, a worker who was paid $50 in wages in a calendar quarter was credited with a quarter of coverage. A person who had $400 or more in self-employment income in a year was credited with four quarters of coverage. Some workers received more quarters of coverage under the new provisions than they would have under the old, and other workers received less. Since a worker's receipt of benefits depends on his or her insured status, which is based on quarters of coverage, this change can affect a worker's eligibility for benefits. This study indicates that if $250 in annual earnings had been required for one quarter of coverage in 1977, more than 2.1 million workers would have had a change in their insured status for disabled worker benefits, and about 700,000 workers would have had a change in their insured status for survivor benefits. Those whose insured status was affected were most likely to have had marginal earnings records--for example, they had four to seven quarters of coverage when six were needed. (This effect was expected when the legislation was passed.) This article examines those whose eligibility for benefits was most likely to have been affected.     

Sudden, unexpected death in a 5-year-old boy with an unusual primary intracranial neoplasm. Ganglioglioma of the medulla

This report documents sudden, unexpected death in a 5-year-old boy from a ganglioglioma of the medulla. Gangliogliomas are rare, primary brain tumors that are encountered predominantly in childhood. We are unaware of any previous report of a similar case.     

Ten commandments for policy economists

The incorporation of economic approaches into policymaking requires special skills on the part of the economist. This article examines the use of economics in government as illustrated by the experience of the natural resources agencies. It presents ten guiding rules for the practicing policy economist: (1) be economical about the use of economics; (2) discount for political demand; (3) dare to be “quick-and-dirty”; (4) think like a manager; (5) analyze equity as well as efficiency; (6) know your market; (7) pay your organizational dues; (8) profit from action-forcing events; (9) do not oversell economic analysis; and (10) learn policy economics by doing it.