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Argentina's Monetary and Exchange Rate Policies after the Convertibility Regime Collapse

April 1, 2007

This paper offers a comprehensive look at how Argentina managed a remarkable economic recovery from its collapse in 2001. The authors show how the Argentine government's policy of targeting a stable and competitive real exchange rate was crucial to the country's economic recovery. They also analyze the various sources of aggregate demand and government revenue in different phases of the expansion. In addition to the crucial role of the exchange rate, the authors look at other policies -- such as an export tax, capital controls, and the default on much of the country's sovereign debt -- which were met with disapproval by many economists and other commentators but played an important role in the recovery.

Contamination of Drinking-Water by Arsenic in Bangladesh: A Public Health Emergency

September 7, 2000

The largest poisoning of a population in history is the contamination of groundwater by arsenic in Bangladesh, exposing millions of people. This paper describes the history of the discovery of arsenic in drinking-water in Bangladesh and recommends intervention strategies.