The effect on commercial banks of exposure to large amounts of developing country debt has been a topic of increasing concern in recent years. Fear of default on the part of the debtor countries has led to fears for the solvency of the creditor banks since in many cases the total of outstanding...

A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub-Saharan African countries. If well managed, these revenues have the potential to reduce poverty; if not they could lead to Dutch disease and an increase in income inequality. Our...