Preliminary, comments welcomed. theory and empirics of real exchange rates in sub-saharan africa and other developing countries... These include a model-consistent proxy for ‘sustainable ’ current account, which reflects the composite effects of export proceeds, debt service payments, development aid and other unrequited transfers as well as net capital inflows and change in reserves; a measure of financial development relative to the OECD frontier; and, taxes on nontradables....
Does indirect tax harmonization deliver pareto improvements in the presence of global public goods?... The first condition (unrequited transfers between governments) requires that transfers are designed in such a way that the marginal valuations of the global public goods are equalized, whereas the...
Indirect tax harmonization and global public goods... The first condition (unrequited transfers between governments) requires that transfers are designed in such a way that the marginal valuations of the global public goods are equalized, whereas the...
Unilateral international transfers: unrequited and generally unheeded... This obscurity is puzzling, because countries' net receipts or payments of unrequited transfers often exceed their international balances on both trade and current account and sometimes amount to sizable fractions of their national incomes, and maintaining...
