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...

Although global economic activity is recovering and output in Europe and Central Asia (ECA) is expected to grow in 2021, containing COVID-19 remains a challenge in the region. Enterprise survey data for the emerging and developing countries in the region show that COVID-19 had a profound and...

For the economy to attain its full potential, the Philippines requires an efficient water transport system. However, this is presently not the case. The domestic shipping industry is characterized by high costs, low quality of service, and a poor safety record. Logistics cost accounts for 24-53...

What is the future for agriculture in Peru? Once the principal source of employment and income for much of the population, Peru's agricultural sector has declined in importance as the national economy has grown and urbanized. Economic activity in the sector has continued to grow, but economic...

Despite advances in agricultural production, TFP, and trade balances, Russia continues to lag behind many comparator countries in measures of crop and livestock productivity. This report has aimed to provide a vehicle for dialogue with government on agri-food sector collaboration to address this...

A competitive city is a city that successfully facilitates its firms and industries to create jobs, raise productivity, and increase the incomes of citizens over time. Worldwide, improving the competitiveness of cities is a pathway to eliminating extreme poverty and to promoting shared...