The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies … in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery … of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism …

Tourism has become the main driver of economic growth and employment and the most important source of income in the … ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries …. Unfortunately, the evidence shows that tourism arrivals to the ECCU have been declining slightly while global demand for tourism is …

Belize's tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering … double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government … endorsed a National Sustainable Tourism Master Plan in 2011, setting various initiatives and targets for the immediate and …

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … empirical determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks for …

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative …

This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows … among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely … tourism flows to advanced economies, the magnitude and statistical significance of the impact of infectious diseases are much …

We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX …