effective, efficient, and fair international policy that creates incentives and strengthens capability to reduce deforestation …-based policies that introduce a price incentive for strong states to address deforestation, degradation, and reforestation. The paper …

generalisation and lessons for other small emerging economies, especially those small developing countries in the tropics. …

deforestation processes. A recurrent discussion involves what to do to reduce the deforestation process. A compensation to no-deforestation …

financing, namely seigniorage and deforestation revenues. First, we develop a theoretical model emphasizing a substitution … effect between seigniorage and deforestation revenues. Second, a panel-data econometric analysis over the 1990-2010 period … confirms our findings. Consequently, a tighter monetary policy hastens deforestation. Third, we extend the theoretical model …

deforestation rates. Consequently, there exists a substitution effect between deforestation rates and seigniorage. Empirical …