The International Monetary Fund (IMF) is under serious attack. Some critics blame IMF lending for having contributed to the spreading of financial crises in emerging markets. Consequently, they call for putting an end to IMF lending. This radical proposal rests on the contention that official...

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Worker remittances constitute an increasingly important mechanism for the transfer of resources from developed to developing countries, and remittances are the second-largest source, behind foreign direct investment, of external funding for developing countries. Yet, literature on worker...

The role patents play for innovation is not clear, but patenting activity has increased in the last decades. This article reviews the empirical evidence on traditional and novel roles of patents to assess their impacts on innovation in developing countries. It shows that patents are not likely...

This paper investigates the determinants of the growth elasticity of poverty by using the internationally designed poverty line, measured by the share of the population living below USD 1.25 per day. We identify the determinants of changes in the poverty rate of countries using single and...

This paper examines the impact of food safety standards on processed food exports in developing countries. An intercountry cross-sectional econometric analysis of processed food exports in developing countries was undertaken. The Sanitary and Phytosanitary Standard (SPS) is incorporated into the...