In the past, the protection of agriculture in the EU from exchange rate instability was accomplished at the cost of confusing regulations, welfare losses and the discrimination of other sectors. Will the 1993 reform of the Agri-Monetary System, combined with wide 15% European Monetary System...

The policy preference function (PPF) approach continues to be the subject of considerable interest in agricultural economics. Recent work has added sophistication and strengthened the approach's theoretical underpinnings. In this paper, several implications of this recent work are considered....

Los precios elevados y los reducidos stocks han dado lugar globalmente a precios de granos y semillas oleaginoasas crecientemente mas volatiles. Algunos analistas opinan que estamos entrando en una nueva etapa de escasez de alimentos y de precios crecientes. Otros interpretan el fuerte alza de...

The dissertation mainly consists of two articles: INVESTMENTS IN KAZAKHSTANI DAIRY FARMING: A COMPARISON OF THE CLASSICAL INVESTMENT THEORY AND THE REAL OPTIONS APPROACH Abstract This study analyzes the explanatory potential of the real options approach (ROA) regarding the reluctance of...

Over the last 10 years mobile money has emerged as an important innovation with a potential to increase financial access in developing countries. Mobile money is making an important contribution to financial inclusion in many ways. First, it’s increasing access to financial services to a large...