The Galician forestry sector has strongly expanded during the last few decades over lands formerly devoted to agrarian and livestock activities, increment in land which has not been accompanied by a similar socioeconomic repercussion. The reasons are the structural deficiencies of the forestry...

Previous research has suggested that pegged exchange rates are associated withlower inflation than floating rates. In which direction does the causality run?Using data from a large sample of developing countries from 1984 to 2000, weconfirm that “hard” pegs (currency boards or a shared...