International approaches to global climate change; by Richard N. Cooper. Comments on Cooper; by Kenneth J. Arrow. Understanding how contagion spreads; by Rudiger Dornbusch, Yung Chul Park, and Stijn Claessens...
Much of the current debate on reforming the international financial architecture is aimed at reducing the risks of contagion best defined as a significant increase in cross market linkages after a shock...
Moderate inflation. External shocks, purchasing power parity, and the equilibrium real exchange rate. Estimating returns to scale with large, imperfect panels: an application to Chilean manufacturing industries...
Inflation and the transition to a market economy: an overview. Lesson from experiences with high inflation. Price-wage dynamics and inflation in socialist economies: empirical models for Hungary and Poland...
The contents of this socialist economies in transition newsletter include: priorities of economic reform in the emerging democracies; Mozambique: economic adjustment in the aftermath of war; quotation...
Special exchange rates for capital account transactions. Growth and equity in developing countries: a reinterpretation of the Sri Lankan experience. A new method for estimating the effects of fuel taxes:...
The effects of OECD macroeconomic policies on non-oil developing countries are analyzed by examining the well-known theoretical channels of interdependence and some of the available empirical evidence...
This paper investigates the motive for choosing capital controls and special exchange rates, the principal forms and some of the experience. We look in particular at three institutional arrangements: 1)...
This paper reviews exchange rate arrangements that deviate from unrestricted convertibility at uniform fixed or flexible exchange rates. Broadly these alternatives are called "multiple exchange rate practices."...