UNU-WIDER : UNU-WIDER

UNU-WIDER at 40: The power of shared knowledge

LDC Future Forum 2024 banner for the event page

Enhancing Resilience – LDC Future Forum

Innovative Solutions for Strengthening LDCs Resilience against Systemic Shocks, 1-3 April 2025, Lusaka, Zambia

Safeguarding tomorrow – innovative approaches to growth and equity

WIDER Development Conference, 9-11 June 2025, in Helsinki, Finland

New book lays out path for green growth from extractive industry in low-income countries

UNU-WIDER and ATI launch innovative Tax Gap Toolkit

92 UNU-WIDER articles, publications, projects, experts...

Blog

What Did You Do in the Currency Wars? (Part II)

by Tony Addison November 2011

Tony Addison The present currency turmoil is both a product and a cause of profound changes now underway in the global economy. Part 1 of this two...

Blog

What Did You Do in the Currency Wars? (Part I)

by Tony Addison October 2011

Tony Addison The present currency turmoil is both a symptom and a cause of profound changes now underway in the global economy. In part 1 of this two...

Journal Special Issue

Impact of the Liberalization of the Exchange Rate and Financial Markets in Sub-Saharan Africa

This special issue of the Journal of International Development presents the results of a study initiated two years ago by UNU/WIDER on `The impact of the liberalization of the exchange rate and financial markets in sub-Saharan Africa'. The project...

Book

Resetting the International Monetary (Non)System

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. International financial crises...

Book Chapter

A brief history of the international monetary system since Bretton Woods

Part of Book Resetting the International Monetary (Non)System

Book Chapter

Global monetary co-operation and the exchange rate system

Part of Book Resetting the International Monetary (Non)System

Working Paper

Gap Disequilibria

– Inflation, Investment, Saving and Foreign Exchange

Four "gaps" or restrictions on capacity growth -- from available saving and foreign exchange, investment demand (with crowding-in of private by public capital formation), and ex ante discrepancies between inflation rates needed on the one hand to...

Working Paper

Exchange Controls and Policy Autonomy

– The Case of Australia 1983-88

Working Paper

Black Markets, Openness, and Central Bank Autonomy

Blog

The Euro's Impact on the Developing and Transition Economies

by Charles Wyplosz 2002

by Charles Wyplosz With all the hype in Europe and on financial markets worldwide, what does the birth of the euro mean for the developing and...

Blog

Apres La Chute: The CFA Franc Zone 1994-2003

by David Fielding 2003

by David FieldingMonetary Union in AfricaIn the last ten years, there has been much debate about the economic impact of monetary union, in which...

Research Brief

Aid and Dutch Disease

In 1959 the Netherlands discovered vast natural gas resources in the North Sea. This discovery led to a rapid increase in the country’s national wealth. However in the 1960s the Netherlands experienced an economic crisis. The natural gas reserves...

Journal Article

The Macroeconomic Management of Increased Aid

– Policy Lessons from Recent Experience

Part of Journal Special Issue Development Aid

Journal Article

Monetary Policy Rules for Managing Aid Surges in Africa

Part of Journal Special Issue Development Aid

Journal Article

Exchange Rates and Outward Foreign Direct Investment

– US FDI in Emerging Economies

Part of Journal Special Issue FDI, Employment, and Growth in China and India

Working Paper

A brief history of the international monetary system since Bretton Woods

This paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton...

Book Chapter

EMU and the Developing Countries

Part of Book The Impact of EMU on Europe and the Developing Countries

Working Paper

How Can Korea be a Role Model for Catch-up Development?

– A ‘Capability-based View’

There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today’s global environment. This paper propose a ‘capability-based view’ of the country’s catch-up...

Working Paper

The Case for an Intermediate Exchange Rate Regime with Endogenizing Market Structures and Capital Mobility

– The Empirical Study of Brazil

Set in the context of the recent theoretical and policy debates on appropriate exchange rate regimes for emerging market economies in a world of free capital mobility, the paper attempts to present the case for an intermediate exchange rate regime...

Book Chapter

Exchange Rate Regimes and Trade

– Is Africa Different?

This chapter revisits the link between exchange rate regimes and trade in the context of Africa’s exchange rate arrangements. Applying an augmented gravity model that includes measures of currency unions and pegged regimes, the paper compares Africa...

Working Paper

The Real Exchange Rate, Foreign Aid and Macroeconomic Transmission Mechanisms in Tanzania and Ghana

A recent study of 36 sub-Saharan African countries found a positive impact of aid in the absolute majority of these countries. However, for Tanzania and Ghana, two major aid recipients, aid did not seem to have been equally beneficial. This paper...