Using a novel geospatial panel combined with data from the 2015 American Community Survey (ACS), we investigate the effect of topography – altitude and terrain unevenness – on income segregation at the neighborhood level. Specifically, we perform large-scale counterfactual simulations by...

Despite the fact that Argentina has been suffering from a recession for years, the timing and severity of the recent currency crisis surprised most observers. This paper analyzes the role of fundamentals and self-fulfilling speculation in the Argentinean crisis. Arguing within a theoretical...

Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In...