This study investigates the applicability of the "Dutch Disease" model as a means of explaining the changing sectoral composition of output for Paraguay in the period of 1973-1986. For this purpose the consequences of "booming-sector" activity for the distribution of income as it affects wages,...

Under controls initially imposed in 1954, the exchange black market in Jamaica grew to about US$ 1.7 billion of transaction in value per year by 1990. This market contributed importantly to the operation of Jamaica's underground economy during the 1980s. The liberalising of the foreign exchange...

The theory of financial liberalisation argues that rising real interest rates induces more saving, investment and economic growth. This hypothesis is tested for Mexico, making the important distinction between financial saving and total saving. It is concluded that any favourable effect of...