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Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in significant decline in oil export revenues....
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Armenia has a very small economy that has carried out strong reforms in many areas over the past decade and a half. It grew at a very fast pace prior to the global crisis (about 12 percent on average between 2000 and 2007), in part due to a strong inflow of remittances and Foreign Direct...
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"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important … aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending … presumably face sizable transaction costs obtaining external credit. The author develops and estimates a model based on limited …
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