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...

With appropriate preparation and policies, the enlargement of the European Union (EU) will result in a broader and higher-level integration of European agriculture, create an environment more conducive to further liberalization of global agricultural trade, and lead to further opening of...

This is one of a series of handbooks which have arisen from a Surveillance project to evaluate agricultural price and trade interventions to eight Latin American countries for seven commodities for the period 1984 to 1994. The countries included in this Surveillance project are Argentina,...

The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. As a result, the monitor finds that the economic prospects for Iraq...

Following the surge in COVID-19 infections in Q3 2021, Malaysia is gradually emerging from the worst wave of the pandemic. As a result, the Malaysian economy is expected to be on a recovery path next year. In the near-term, it is key to ensure that targeted support measures remain in place. The...

Iran's economy is gradually recovering following a lost decade (2011-2020) of negligible economic growth. Less stringent COVID-19 restrictions, adaptation to the new normal - reflected in a recovery in consumption, and more favorable oil sector conditions have driven a four-quarter rebound after...

After several months of low COVID-19 case numbers, Malawi is facing a fourth wave. While an increasing share of the global population is protected by vaccines, only about 6.5 percent of the population is vaccinated in Malawi, increasing the country's vulnerability to the virus. The Government...

The Lebanon financial and economic crisis is likely to rank in the top 10, possibly top three, most severe crises episodes globally since the mid-nineteenth century. This is a conclusion of the Spring 2021 Lebanon economic monitor (LEM) in which the Lebanon crisis is contrasted with the most...