During preparation of the Benin Social Fund Project, all levels of society indicated that lack of access to credit was a major problem for poor people. At the same time, there was reluctance to put in a micro-credit component, as an assessment of this type of component in social funds had...

Social protection can be defined as interventions intended to assist individuals, households, and communities in managing risk in order to reduce vulnerability, smooth consumption, and improve equity. Social protection in Togo has been put to test by the political and economic developments of...

The World Bank is financing an increasing number of community-based social services projects. The objective of this paper is to review and categorize the extent, scope and mechanisms of these projects in the current Bank portfolio, and to identify good practices and potential pitfalls. The...

Orphans and other vulnerable children (OVC) are among the most vulnerable population groups in Africa. Without support and protection, they are exposed to the risk of abusive labor, lack of education, malnutrition, disease, and death. Estimates indicate that 20 percent of children in Sub-Saharan...

This paper reexamines foreign currency markets for evidence of fractional integration, and extends the extant literature in several important dimensions. First, we utilize a new semiparametric wavelet-based estimator, which is far superior to the more prevalent GPH estimator on the basis of mean...

There has recently been considerable interest in the potential adverse effects associated with excessive uncertainty in energy futures markets. Theoretical models of investment under uncertainty predict that increased uncertainty will tend to induce firms to delay production and investment....

The authors reexamine the volatility of agricultural commodity futures for evidence of fractional integration, providing new empirical results and extending the extant literature in important dimensions. First, they utilize two relatively new estimators based on wavelets, which are generally...