The study of past land reform efforts can serve to guide policy analysts and policymakers in their evaluation of the merits and the possible design of future reforms to land tenure systems. The key question about land reform is; What is its potential to improve equity and efficiency? The answer...

This study examines recent effective rates of protection across the Egyptian economy, using an ad valorem price wedge introduced by nontariff barriers and energy subsidies, and compares today's effective rates of protection with those of a decade ago. The study uses 23 aggregated sectors from...

This paper surveys the literature on the interaction between agriculture and the macroeconomy in both industrial and developing countries, identifying what the authors believe to represent its most significant contributions and shortcomings.Based on an economy-wide perspective, this paper begins...

This study examines recent effective rates of protection across the Egyptian economy, using an ad valorem price wedge introduced by nontariff barriers and energy subsidies, and compares today's effective rates of protection with those of a decade ago. The study uses 23 aggregated sectors from...

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...