![Media Name: cato-journal-v19n1.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v19n1.jpg?itok=OZV0XkuJ) 

# Spring/​Summer 1999 

Vol. 19 No. 1 

Anna J. Schwartz on the IMF, Edward T. Gullason on the labor market status of women, and more …

##### Articles 

#### [Is There a Need for an International Lender of Last Resort? ](/cato-journal/spring/summer-1999/there-need-international-lender-last-resort)

By Anna. J. Schwartz 

#### [Rent Seeking and Economic Growth: Evidence from the States ](/cato-journal/spring/summer-1999/rent-seeking-economic-growth-evidence-states)

By Harold J. Brumm 

#### [Public Export Inspections in the United States and Their Privatization ](/cato-journal/spring/summer-1999/public-export-inspections-united-states-their-privatization)

By Kelly B. Olds 

#### [Does Asymmetric Information Justify Bank Capital Adequacy Regulation ](/cato-journal/spring/summer-1999/does-asymmetric-information-justify-bank-capital-adequacy-regulation)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) 

#### [Enterprise and Biodiversity: Do Market Forces Yield Diversity of Life? ](/cato-journal/spring/summer-1999/enterprise-biodiversity-do-market-forces-yield-diversity-life)

By David Schap and Andrew T. Young 

#### [Managing Planet Earth; Adaptation and Cosmology ](/cato-journal/spring/summer-1999/managing-planet-earth-adaptation-cosmology)

By Curtis A. Pendergraft 

#### [Public School Spending and Student Achievement: The Case of New Jersey ](/cato-journal/spring/summer-1999/public-school-spending-student-achievement-case-new-jersey)

By Douglas Coate and James VanderHoff 

#### [The Labor Market Status of Women ](/cato-journal/spring/summer-1999/labor-market-status-women)

By Edward T. Gullason 

#### [Employment Prospects of Welfare Recipients: Another Look at the Data ](/cato-journal/spring/summer-1999/employment-prospects-welfare-recipients-another-look-data)

By Robert Kaestner 

#### [The European Monetary Union: A Political Time Bomb ](/cato-journal/spring/summer-1999/european-monetary-union-political-time-bomb)

#### [A Brief History of the Australian Notes Issue Board, 1920–24 ](/cato-journal/spring/summer-1999/brief-history-australian-notes-issue-board-1920-24)

By William Coleman 

#### [Politics as the Art of Confined Compromise: A Comment on Boudreaux and Lee ](/cato-journal/spring/summer-1999/politics-art-confined-compromise-comment-boudreaux-lee)

By Michael Brooks 

##### Book Review 

##### [*Policy Analysis and Public Choice* by William Niskanen](/cato-journal/spring/summer-1999/policy-analysis-public-choice-william-niskanen)

By Thomas D. Willett 

##### [*Globaphobia: Confronting Fears about Open Trade* by Gary Burtless, Robert Z. Lawrence, Robert E. Litan, and Robert J. Shapiro](/cato-journal/spring/summer-1999/globaphobia-confronting-fears-about-open-trade-gary-burtless-robert-z)

By [Daniel Griswold](https://www.cato.org/people/daniel-griswold) 

##### [*Unintended Consequences: The Impact of Factor Endowments, Culture and Politics on Long-Run Economic Performance* by Deepak Lal](/cato-journal/spring/summer-1999/unintended-consequences-impact-factor-endowments-culture-politics)

By Stanley L. Engerman 

##### [*Institutional Economics: Social Order and Public Policy* by Wolfgang Kasper and Manfred E. Streit](/cato-journal/spring/summer-1999/institutional-economics-social-order-public-policy-wolfgang-kasper)

By Gerald Radnitzky 

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