No single central authority coordinated their actions that feat was accomplished by the magic of free markets and the price system.

National Governments may also be able to enhance local authorities' direct access to capital markets, domestic and international, by granting authority to municipalities to issue infrastructure bonds.

Countries with more advanced financial infrastructure have reformed traditional institutional arrangements to develop and supervise bond markets more effectively, for instance, by vesting authority in independent securities commissions.

CAIRO You are the authority, above any other authority.

Legislative authority

On matters relating to children, paternal authority is replaced by parental authority.

And, yes, financial markets require close supervision and regulation. But what is true of financial markets need not be true of other markets.

Strident calls for structural reforms mainly target labor markets, rather than product markets.

The UK gas and electricity markets authority, Ofgem, released a statement in 2011 accepting the use of Carbon 14 as a way to determine the biomass energy content of waste feedstock under their administration of the Renewables Obligation.

Markets Rational Complacency

Markets would panic.

Fearless Financial Markets

Arrogance and Authority

Kenya Ports Authority

Consolidating State authority

Applicability and authority

But markets that rise on both good and bad news are not stable markets.

Markets might once have been fairly efficient, before we had the theory of efficient markets.

It becomes difficult for these markets to compete with the pricing set by foreign markets.

In other words, SMEs from Singapore remain interested in regional markets rather than global markets.

The Commission oversees the operations of the Guam Waterworks Authority and the Guam Power Authority.

That is why the UK s Financial Services Authority, and even the Confederation of British Industry, which speaks largely for non financial firms concerned about access to credit, has begun to call for a truce between the authorities and financial markets.

Markets Rose Tinted World

Emerging Markets Europe Problem

Markets of Magical Thinking

Markets vs. Market Psychology

So are stock markets.

The Still Emerging Markets

Save the Emerging Markets

Are Emerging Markets Submerging?

Emerging Markets Feminine Future

Whither Africa s Frontier Markets ?

The Palestinian Authority should

1993 Zambia Revenue Authority

Consolidation of State authority

Bangkok Mass Transit Authority

Tourism Authority of Thailand

Intergovernmental Authority on Development

Sessions of the Authority

Applicability, authority and responsibility

What these comparisons show is that markets plus government have done better than markets minus government.

It is also used to distinguish between religious authority (for example Canon law) and secular authority.

Consequently, both the Palestinian Authority and Israel have homework to do the Palestinian Authority has to continue to exert control and authority, while Israel has to strengthen the hand of moderate forces and enable the Authority to impose itself successfully.

International experience suggests that the balance between planning and markets shifts toward markets as countries becomes richer.

Finally, emerging markets need to redouble their efforts to build bond markets, but on a local basis.