This paper provides a detailed analysis of the Edinburgh World Heritage Site. The working methodology is based on constant interaction with the Edinburgh World Heritage Trust and all other stakeholders of the heritage site.

This paper provides a detailed analysis of the Edinburgh World Heritage Site. The working methodology is based on constant interaction with the Edinburgh World Heritage Trust and all other stakeholders of the heritage site.

This technical guide highlights 14 of the most commonly used indicators published by the Roundtable Group and illustrates how they are used. It provides some explanation and analysis of the indicators for those who are interested in understanding their application as well as weaknesses. For each...

Policymakers in Latin America increasingly are turning to policies that have high economic rates of return and a favorable impact on income distribution. By providing financial services to small businesses and poor households -which normally lack such services- credit unions help secure growth...

Abundant empirical evidence links well-functioning institutions and good governance to better economic and social outcomes. It is thus an important challenge to determine which conjunction of factors produces better institutions. Along this line, the objective of this paper is twofold. First, it...

This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. These macroeconomic causes of bank vulnerability and crisis have important implications for regulatory regimes, and for macroeconomic policy itself. Much of the...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belizes public finance to the occurrence of hurricanes and...

This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector's size is negatively related to institutional quality and positively related to income inequality. These predictions are then...

This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key determinants of debt dynamics. After having explained the importance of the stock-flow reconciliation,...