This paper analyzes some leading indicators of currency crises, and proposes a specific early warning system. This system involves monitoring the evolution of s
Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at
This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corrupti
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between intern
This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks im