A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub Saharan African countries. If well managed, these revenues have the potential to reduce poverty and bridge the development gap; if not they could lead to Dutch disease and an...

Since the mid 1980s Latin American and Caribbean countries have unilaterally liberalized their economies and have started a new wave of economic integration that led to the establishment of 25 trade agreements between 1990 and 1994. The Group of Three (G-3) Free Trade Agreement, comprising...

This paper discusses some of the links between Angola’s oil wealth and its domestic and international political situation. These include direct effects such as the role of mineral revenue in prolonging and intensifying the recently ended civil war, and the ability of the government to use oil...

This paper attempts to measure the impact of government intervention in product and factor markets on chickpea competitiveness in India. This is done by estimating the nominal (NPC), effective (EPC) and effective subsidy (ESC) protection coefficients for chickpea and its main competing crops...

The objective of the paper is to make an exploratory assessment of the impact of the G-3 free trade agreement on member countries' agricultural trade. To fulfill this objective, empirical estimates of changes in the structure of agricultural trade for four products traded between partner...

We analyze the transmission of shocks through international bank lending, as is suggested in Kaminsky and Reinhart [6], by examining the bank’s international lending behavior. We develop a portfolio selection model, which explicitly includes the economic condition of the bank’s home county....