The experience of the last thirty years suggests that a wide range of factors affects policymakers' choice of exchange rate regime. The initial explanation was that changes in the international sphere dominated domestic policies and strongly influenced how governments decided among the...

This article examines the impact of migrants’ remittances on poverty and income distribution in Nicaragua. Nicaraguan emigrants are fairly evenly distributed between the US and Costa Rica. Poorer migrants overwhelmingly migrate to Costa Rica; richer migrants favour the US. This bi-directional...

This major new book – written by a group of distinguished economists – provides the new directions needed for confronting the continuing challenge of development. Lance Taylor, Joseph Stiglitz and Amitava Dutt focus primarily on recent theoretical developments and highlight significant...