Publisher Summary This chapter focuses on specific problems posed by sovereign debt
(that is, debt incurred by governments, typically those of develo** countries) to foreign …

In recent years, academics and policymakers have shown increasing interest in the
independence of central banks with respect to the formulation of monetary policy. In the …

Able research assistance for this study was performed by Robert Murdock. Research
support was provided by a National Science Foundation grant. According to the Heckscher …

INTERNATIONAL COMMODITY PRICES, MACROECONOMIC PERFORMANCE, AND
POLITICS IN SUB-SAHARAN AFRICA Page 1 PRINCETON STUDIES IN INTERNATIONAL …

Part of the research for this paper was completed while Tamim Bayoumi was at the Bank of
England and Barry Eichengreen was at the Federal Reserve Board. Financial support for …

Why should multilateral lending exist in a world where private capital markets are well
developed and governments have their own bilateral aid programs? If lending by the World …

Financial support for this research was provided by the Center for German and European
Studies of the University of California at Berkeley. I thank Morris Goldstein, Christopher …

I would like to thank Kathryn Dominguez, Ellen Dykes, Jeffrey Frankel, William Helkie, Dale
Henderson, David Howard, Karen Johnson, Graciela Kaminsky, Michael Leahy, Theodore …

This paper puts forward a notion of current account sustcdnability that explicitly takes into
account willingness to pay and willingness to lend in addition to intertemporal solvency. It …

One can hardly exaggerate the role played by trade elasticities in translating economic
analysis into policy recommendations. No better example illus0 trates this proposition than …