Introducción. La adopción de un sistema de tipo de cambio múltiple (STCM) es un fenómeno ampliamente observado en los países menos desarrollados (PMD). Puede Implementarse un STCM para proporcionar protección, recaudar ingresos o promover las exportaciones (véase Bhagwati y Krueger,...

Introducción. La adopción de un sistema de tipo de cambio múltiple(STCM) es un fenómeno ampliamente observado en los países menos desarrollados(PMD). Puede implementarse un STCM para proporcionar proteción, recaudar ingresos o promover las exportaciones(véase Bhagwati y Krueger, 1973)....

Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case: many...

Tax amnesties are frequently offered by governments to induce citizens to voluntarily declare black assets accumulated from past tax evasion, especially in developing countries with a large ,underground' economy. The resulting switch in a citizen asset portfolios in favor of white assets could...

We study the problem of loan enforcement in an informal credit market where credit histories of borrowers are not available to lenders, raising the possibility of serial default. We show that if there is critical minimum proportion of natural defaulters in the populatin, then there exists an...

The relative distribution of the populations of the top 40 urban areas of France and Japan remained very constant during these countries' periods of industrialization and uranization. Moreover, projection of their future distriubtions based on past growth indicates that their size-distributions...

This paper uses the Auerbach-Kotlikoff Dynamic Life-Cycle Model (AK Model) to examine the macroeconomic and efficiency effects of privatizing social security. It also uses a simple privatization proposal, the Personal Security System, as a framework to discuss a number of other issues associated...