Resilience is increasingly becoming a catchword in current discussions about urban and regional development. While there has been a strong research focus on sustainability, there is a lack of understanding of the processes and factors that make cities and regions more vulnerable and others more...

Risk and uncertainty / Paul Davidson -- Lessons from statistical finance / Marc Potters -- Ambiguity and economic activity : implications for the current crisis in credit markets / Sujoy Mukerji -- Macro-economic failures / Charles Goodhardt -- Hayek : another perspective / Meghnad Desai --...

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994-1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The price...