The authors re-assess the informal sector in French-speaking Africa. They first look at the classical interpretations of how the informal sector is perceived in the context of development: as a result of international capitalism or as a correction to an unbalanced development. They situate the...

Presents the findings of a survey of 2344 persons, carried out in April and May 1992.

This paper uses time-series techniques to examine whether monetary policy has similar effects across U.S. states during the 1958-92 period. Impulse response functions from estimated structural vector autoregression models reveal differences in state policy responses, which in some cases are...

Under the European Monetary Union (EMU), member countries will be subject to common monetary policy shocks. Given the diversity in the economic and financial structures across the EMU economies, these common monetary shocks can be reasonably expected to have different effects. Little is known...