This paper studies the determinants of private capital flows to developing countries during the last two episodes of large inflows, the late 1970s-early 1980s and the 1990s. The paper also tests for contagion effects in capital flows among recipient countries, and tries to identify specific...

This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes....

This paper develops simple guidelines for fiscal policy in oil producing countries, focusing on three issues: intergenerational oil distribution, precautionary saving, and adjustment costs. The paper presents a framework to analyze how the revenue generated by an exhaustible source of wealth...

This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of...

Two procedures are analyzed to control the flow of hydrogen produced by an electrolyzer in a plant connected to a distributed electricity grid. The general idea of both procedures is to approximate the consumption power of the electrolyzer to the tracked hourly mean useful power of a wind...

The scarcity of fresh water and the need to improve environmental management has led to saline water being used for agricultural purposes, and this, in turn, has to be managed in such a way that it minimizes any damage it may cause. The use of soil moisture and electrical conductivity (EC)...