Food aid to fight hunger in developing countries is provided on a bilateral bases and by multilateral organisations. This paper examines the hypothesis that multilateral food aid is more effective than bilateral food aid. We measure donor performance under the premise that donations should...

These days, plenty of cognoscenti in academia and politics share the common concern that the build-up of global macroeconomic imbalances threatens the international economy. While there is broad disagreement on the essence of what an imbalance exactly is, the term is generally associated with...