Central Asia experiences frequent sand and dust storms (SDS), which have been made worse by human activity. The main objective of this study is to provide an economic analysis of the benefits of afforestation of the former Aral Seabed in Uzbekistan. The objective of this study is to estimate...

A second-generation model of currency crises is combined with a standard model ofbanks as providers of insurance against liquidity risk. In a pegged exchange rateregime, after funds have been committed to the banks, news arrives about the qualityof the banks’ assets and about the exchange rate...

Beyond the terrible toll in human lives and suffering, the Ebola epidemic currently afflicting West Africa is already having a measurable economic impact in terms of forgone output; higher fiscal deficits; rising prices; lower real household incomes and greater poverty. These economic impacts...