The objective of this book is to provide policy recommendations to reduce the economic vulnerability of the poor to adverse shocks and help them cope with income downturns. The authors suggest that, social equity arguments aside, insuring the poor is desirable in terms of economic efficiency....

This paper shows evidence with respect to the Purchasing Power of Parity (PPP) hypothesis in twelve Latin American countries. The variance ratio statistic is used to gauge the stationary component in the real exchange rate, as well as the real exchange ra

The objective of this book is to provide policy recommendations to reduce the economic vulnerability of the poor to adverse shocks and help them cope with income downturns. The authors suggest that, social equity arguments aside, insuring the poor is desirable in terms of economic efficiency....