Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in developing countries. The appeal of reserve requirements lies in the pro-cyclical behavior of...

Developed in the mid 1980s to explain economic processes in New Zealand’ssphere of influence in the Pacific islands, the mirab model has proved applicableacross a wide range of island economies. Identifying features of a mirab economyare heavy reliance on transfer payments, including...

Indices of total and per capita agricultural and food production for 1976-85 al1d production data for 1976-85 are presented for 111 countries, 12 regions, and the world. Production and food indices are calculated using Laspeyres' base-weighted aggregate formula. Selected production data are...

Among all the island countries of the world, Vanuatu, a small island nation in the South Pacific with a population of 220,000 was once ranked as the most vulnerable economy on the basis of having the least resilience to withstand the adverse impacts of external and internal shocks. Vanuatu is...

Indices of total and per capita agricultural and food production for 1972-81 are presented for 108 countries and the world. Country ind ices are calcul8 ted by the Laspeyres' base-weighted aggregate formula. Selected production data are given in 1,000 metric tons by country. World agricultural...