This paper empirically investigates the impact of exchange rate volatility on East and Southeast Asian and Latin American exports from 1980 to 2004 by using a gravity model and panel data. The results show that exchange rate volatility negatively affects exports in both continents. However, the...

Do semi-autonomous revenue agencies (SARAs) outperform conventional tax administrations? This paper argues that they do. Presenting the results of a panel analysis of local tax collection in Peru between 1998 and 2011, it shows that municipalities with SARAs collect more revenue than those with...

The empirical literature tries to identify credit rationing and its determinants by using balance sheet data or evidence from corporate surveys. Observational equivalence, identification problems, and interview biases are serious problems in these studies. We analyse the determinants of credit...