Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...

Bei den Klimaverhandlungen in Kyoto einigten sich die Delegierten auf die Einrichtung eines sogenannten Clean Development Mechanism. Dabei handelt es sich um einen Vertragsmechanismus, dessen Herzstück die Gemeinsame Vertragsumsetzung ist, welche international als Joint Implementation...

Interest in biofuels is growing worldwide as concerns about the security of energy supply and climate change are moving into the focus of policy makers. With the exception of bioethanol from Brazil, however, production costs of biofuels are typically much higher than those of fossil fuels.As a...

The paper deals with female employment in developing countries. We set out a model to test our argument that, at the first stage of development, demographic and health programmes have proven to be more effective for women's position in the society than specific labour and income support...

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...

The paper departs from the perception that trade in services in general and developing countries' exports in services in particular are dynamic segments of world trade. Both total trade data as well as US import trade figures do not support this perception. Success episodes such as the recent...