The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective...

This paper tests the dynamic implications of cumulative causation and network theory on the self‐sustaining nature of the migration process. A sequential migration model is derived and estimated with a panel of Mexican household heads for the years 1980-89. Consistently with cumulative causation...

En la mayoría de los países de América Central, la liquidez de la banca comercial se encuentra por encima de los requisitos legales o prudenciales establecidos. Si bien ello beneficia la estabilidad financiera, los elevados montos de liquidez obstaculizan la profundización financiera y la...

Banks’ liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stability, high liquidity may nonetheless hinder financial market development and monetary policy transmission. Using a panel of 96 commercial banks...

The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective...