Editor's summary -- Competing concepts of inequality in the globalization debate Martin Ravallion -- Channels from globalization to inequality : productivity world versus factor world William Easterly -- Health in an age of globalization Angus Deaton -- Assessing the impact of globalization on...

For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis,...

This paper develops and estimates a model of the time at which market participants expected the French franc to be devalued relative to the German deutschemark during the early years of the European Monetary System. The model assumes that the expected time of exchange rate realignment is...