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Valuation changes, exchange rates & risk sharing in emerging market economies
Valuation changes are crucial for understanding countries’ external positions. We analyse whether emerging market economies benefit from risk-sharing in the international monetary system through the valuation channel.
Low-cost housing for Africa’s cities
Evidence from a large-scale housing lottery programme in Ethiopia shows that government housing that people want, and thrive in, can work in settings with highly constrained housing supply and when programmes are designed well.
Industrial resilience to climate disasters: Evidence from Ecuador
Evidence from Ecuador suggests that natural disasters have important but short-lived impacts on production and market conditions in developing countries that vary depending on firm differences in efficiency. From a development perspective, frequent s...
Anti-American terrorism: When US military aid has unintended consequences
Does US military aid strengthen weak states and deter adversaries, or foster resentment and increase terrorist attacks?
How will climate change impact migration in Africa?
Population displacement may become an obvious adaptation margin to climate change in vulnerable regions like sub-Saharan Africa. How large will future climate-induced migration flows be? What could the associated welfare losses be, and what can polic...
