Much of the human cost of conflict in developing countries is the result of economic collapse rather than military casualties as such. This article examines the way in which the extreme macroeconomic disequilibria that almost inevitably occur in wartime are generated and what their consequences...

The standard method for measuring external shocks transmitted to small open economies from the world economy was originally developed by Balassa and subsequently refined by McCarthy for the World Bank and Helleiner for the UNC-TAD. This paper critically evaluates its neglect of the consequences...

In this working paper, E. V. K. FitzGerald, of the Finance and Trade Policy Research Center at the Oxford University, investigates roles that the International Monetary Fund (IMF) might play given its mandate to provide institutional support for a global capital market that can promote trade and...