The impermanence of fixed exchange rates has become a stylized fact in international finance. The combination of the "mirage" view that pegs do not really peg with the "fear of floating" view that floats do not really float generates the conclusion that exchange rate regimes are, in practice,...

This article demonstrates a link between an economic and social feature of countries, the relative labor force participation rate of women, and a high-profile characteristic, the performance of women in international sports competitions. The relative labor force participation rate of women was a...

Countries choose different strategies when responding to crises. An important challenge in assessing the impact of these policies is selection bias with respect to relatively time-invariant country characteristics, as well as time-varying values of outcome variables and other policy choices....