Lakes and reservoirs, which are key components of the world's water resources, are under serious threat(disturbances in the watersheds, pollution, overfishing, introduction of exotic species, diversions, and lake reclamation are all taking a toll. This report describes the special challenges of...

A second-generation model of currency crises is combined with a standard model ofbanks as providers of insurance against liquidity risk. In a pegged exchange rateregime, after funds have been committed to the banks, news arrives about the qualityof the banks’ assets and about the exchange rate...

"Simulating Distributional Impacts of Macro-dynamics: Theory and Practical Applications is a comprehensive guide for analyzing and understanding the effects of macroeconomic shocks on income and consumption distribution, as well as for using the ADePT Simulation Module. Since real-time micro...