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1 This study utilizes regression discontinuity to examine the long-run impacts of the mita, an extensive forced mining labor system in effect in Peru and Bolivia between 1573 and 1812. Results indicate that a mita effect lowers household consumption by around 25% and increases the prevalence of stunted growth in children by around 6 percentage points in(More)
In emerging markets, external debt is denominated almost entirely in large, developed country currencies such as the U.S. dollar. This liability dollarization offers a channel through which exchange rate variation can lead to business cycle instability. When firms' assets are denominated in domestic currency and liabilities are denomi-nated in foreign(More)
This paper provides a quantitative investigation of the East Asian crisis of 1997-99. The two essential features of the crisis that we focus on are a) the crisis was a regional phenomenon; the depth and severity of the crisis was exacerbated by a large decline in regional demand, and b) the practice of setting export goods prices in dollars (which we(More)
  • Mardi Dungey, Renée Fry, +13 authors Demosthenes Tambakis
  • 2004
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. The existing literature(More)
We estimate the exposure of emerging-market companies to fluctuations in their domestic exchange rates. We use an instrumental-variable approach that identifies the total exposure of a company to exchange-rate movements, yet abstracts from the influence of confounding macroeconomic shocks. We find the impact of depreciations on emerging-market stock returns(More)
Allergic contact dermatitis to plant allergens is a common problem in Australia. We present the cumulative experience of the Contact Dermatitis Clinic of the Skin and Cancer Foundation (Darlinghurst, NSW, Australia) a tertiary referral clinic. Results from a series of 68 patients with positive patch tests to 88 plant allergens are reported. We found that(More)
A 73-year-old man presented with an 8-year history of a dermatitis affecting his face, dorsum of hands, and forearms. He was a retired cabinet maker but still carried out some timber work at home. He was patch tested and found to be positive to colophony and saw-dust samples from four different timbers: Silky Oak, Queensland Hoop Pine, Radiata Pine and(More)
PURPOSE The purpose of this paper is to describe learning gained from involving service users and carers as researchers in an action research study. The researchers aimed to introduce self-directed support in mental health services--part of the government's personalisation agenda, which requires a move from current social care commissioning, where a person(More)
Sudden Stops are characterized by large current account reversals, severe recessions, and corrections in relative prices. This phenomenon is a puzzle for a large class of business cycle models in which the current account is a vehicle for consumption smoothing and investment financing. Models in this class explain Sudden Stops as the result of large,(More)
  • Adrian Cadbury London, Noritaka Akamatsu, +27 authors Adrian Cadbury
  • 2004
Overview iii Foreword v Acknowledgments vii Why corporate governance matters— more than ever 1 Balancing diverging interests 3 A corporate governance framework: the internal and external architecture 4 The challenge of corporate governance in emerging markets is daunting 13 World Bank Group strategy for helping countries develop and implement a a(More)