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"The rapid rise in food prices has been a burden on the poor in developing countries, who spend roughly half of their household incomes on food. This paper examines the factors behind the rapid increase in internationally traded food prices since 2002 and estimates the contribution of various...
Persistent link: https://www.econbiz.de/10010521077
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exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …
Persistent link: https://www.econbiz.de/10011394190
Persistent link: https://www.econbiz.de/10010523118
"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
Persistent link: https://www.econbiz.de/10010522552
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The Lebanon Economic Monitor provides an update on key economic developments and policies overthe past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other...
Persistent link: https://www.econbiz.de/10012246685
"Millions of households in developing countries receive financial support from family members working overseas. How do the economic prospects of overseas migrants affect origin-household investments-in particular, in child human capital and household enterprises? Yang examines Philippine...
Persistent link: https://www.econbiz.de/10010522622
"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
Persistent link: https://www.econbiz.de/10011394189
spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10010522083