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The COVID-19 outbreak has had a catastrophic effect on the tourism sector and poverty alleviation efforts. This is … especially the case, given the crucial role the tourism sector plays in poverty alleviation and the generation of foreign … of the tourism industry and COVID-19 Economic Stimulus Packages (ESPs) while accounting for the influence of external …
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Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
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This paper studies how the currency composition of public debt affects debt sustainability in developing countries. We show empirically that the debt-to-GDP ratio tends to grow at a faster rate when countries with a high share of foreign currency debt face a currency depreciation. The paper also...
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