Overexploitation of coastal aquifers may lead to seawater intrusion, which irreversibly degrades groundwater. The seawater intrusion process may imply that its consequences would not be perceptible until after decades of accumulated overexploitation. In such a dynamic setting, static...

Overexploitation of coastal aquifers may lead to seawater intrusion, which irreversibly degrades groundwater. The seawater intrusion process may imply that its consequences would not be perceptible until after decades of accumulated overexploitation. In such a dynamic setting, static...

We extend the literature on the bank lending channel in two aspects. First, rather than following the literature by analyzing the impact of banks'liquidity (measured via their asset portfolio) on monetary policy transmission, we study the role of banks' actual liquidity risk, as measured by the...