Most studies dedicated to Chinese inflation during the transition towards a market economy stressed the impact of monetary policy, through the effects of banking decentralisation on credit allocation between state and non state sectors. This papers aims at showing that exchange rate policy...

Most of countries covered by natural forests are developing countries, with limited ability to levy taxes and restrained access to international credit markets; consequently, they are amenable to draw heavily on two sources of government financing, namely seigniorage and deforestation revenues....

Important inflation differences have been existing since 1978 across the Chinese provinces. This paper intends to connect this observation with the literature that emphasises the role of local governments in the process of excess credit supply and inflation in China. A model presents provincial...

Important inflation differences have been existing since 1978 across the Chinese provinces. This paper intends to connect this observation with the literature that emphasises the role of local governments in the process of excess credit supply and inflation in China. A model presents provincial...

The forest covers an important share of land area in many developing countries and represents an important source of revenue for governments. The other major contribution to government revenues in developing countries comes from printing money, namely the seigniorage. Using a simple theoretical...

During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

This paper aims at analyzing the effect of world price instability on the aggregate agricultural supply of developing countries and determining to what extent this effect depends on the macroeconomic environment. Producers of agricultural commodity-exporting countries are particularly vulnerable...

The forest still covers an important share of land area in many developing countries and represents an important source of revenue for governments. Another major contribution to government revenues comes from printing money, namely the seigniorage. Building on a simple theoretical model where...