This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the broader implications of a debt management strategy and its implementation should be carefully...

Autocrats experiencing a windfall in unearned income may find it optimal to donate to other countries some of the windfall in order to make the state a less attractive prize to potential insurgents. We put forward a model that makes that prediction, as well as the additional predictions that the...

This paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and discusses policy options to ensure a smooth transition to a nonoil economy. The empirical results suggest that, as oil production and foreign exchange earnings fall, the Yemeni...

"This book studies the geopolitical and geoeconomic aspects of China's Belt and Road Initiative (BRI). It argues that BRI has the potential to redesign the spatial and territorial dimensions of governance and effectively counterbalance the hitherto predominant hegemonies of the Anglo-American...

This paper begins with examining Bangladesh's economic structural transformation during 1980-2010, which is compared and contrasted with the transformation of India and Pakistan. It then calculates and compares the three countries' macroeconomic volatility and uncertainty for the observation...