Developing country governments are often forced to issue debt in a foreign currency or commit the "original sin". The "original sin", regardless of exchange rate regime, exacerbates debt problems for these countries. Consequently, this paper investigates the relationship between US dollar...

This paper examines the interactions between monetary regimes and public debt management. The analysis shows that delegation of monetary policy to an independent central bank is more effective in containing inflationary expectations than the use of foreign currency or price-indexed debt. If...

Die Studie analysiert, welche Auswirkungen Mutterschaft auf die Gehälter und Löhne von Frauen hat. Anhand eines russischen Datensatzes wird mit Hilfe einer Abgleichungsmethode versucht, mögliche Selektionseffekte zu berechnen. Die Ergebnisse zeigen, dass Mütter einen moderaten Nachteil...

This paper examines the impact of cell phone access on election fraud in the context of the 2009 Afghan presidential election. I combine cell phone coverage maps with unique data on the location of polling centers to accurately pinpoint which centers were exposed to coverage during the election....

The financial sector of Bangladesh is small and under development and this sector resides of a banking and an emerging capital market. The banking sector in the country comparatively more developed than the equity market, even though both are developing in international benchmark. In light of...

In spite of the rapidly growing research on fiscal multipliers over the recent years, little evidence has been so far accumulated in developing and emerging economies. This paper investigates the nature and the size of fiscal multipliers in Central and Eastern European Countries (CEEC). Unlike...

This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled...

Our paper investigates the implications of asymmetric non-tax revenue information for tax morale using micro data from thirty-six African countries. We utilize a model in which agents form their perceptions about the sufficiency of government non-tax revenue for development financing under...

This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled...

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...