Transport-related air pollution is increasingly contributing to environmental health risks in many developing country cities. The social costs of poor urban quality can be significant, making this issue an immediate priority. Long-term measures for dealing with the problem include urban...

Human exposure to lead represents a serious environmental health problem in many urban areas. Based on a review of health and technical issues, th is report points out that the phase-out of lead from gasoline is a desirable policy measure which can yield significant social benefits. Country...

Most global economy and environmental watchers expect the transition to a market economy to yield environmental benefits. The changing incentives that a market economy introduces should foster more efficient production, better use of resources, and increased community input. The advanced...

A second-generation model of currency crises is combined with a standard model ofbanks as providers of insurance against liquidity risk. In a pegged exchange rateregime, after funds have been committed to the banks, news arrives about the qualityof the banks’ assets and about the exchange rate...