In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand…

"The Development Data Book," published by the World Bank presents statistics on countries with populations of more than one million. The statistics relate to economic development and the changes it is bringing about in the world. Sometimes called indicators, the statistics are measures of social and economic conditions in developing and industrial…

This document provides a preliminary set of environmental indicators by which to measure environmental performance. The indicators are patterned on the outline of the Organisation for Economic Cooperation and Development (OECD) "Report on the State of the Environment," a companion volume published in the same year. This volume is…