1. Discussion and Working Paper // 2008

    UN approval of greenhouse gas emission reduction projects in developing countries: The political economy of the CDM Executive Board

    The Clean Development Mechanism (CDM) is often an issue of national interest. Decisions of the CDM Executive Board (EB) can thus be expected to be highly politicized. Based on data for about 250 methodologies…

  2. Discussion and Working Paper // 2008

    Tail dependence in a Multivariate Regular Variation framework: A Note on Financial Contagion from Russia to Latin America

    The present paper examines the common wisdom on the contagion from Russia to Brazil. We concentrate our attention principally on the dependence and contagion between Brazil and Russia in the late 1998, and the…

  3. Discussion and Working Paper // 2008

    Smuggling around the World: Evidence from a Structural Equation Model

    In recent years, the causes and consequences of smuggling have attracted much attention in the media, mainly thanks to academics and policy makers. While a large body of literature is devoted to theoretical…

  4. Discussion and Working Paper // 2008

    The effects of oil price shocks on the Iranian economy: applying a VAR model

    The Iranian economy is highly vulnerable to oil price fluctuations. This paper analyzes the dynamic relationship between oil price shocks and major macroeconomic variables in Iran by applying a VAR approach.…

  5. Discussion and Working Paper // 2008

    Illegal Trade in the Iranian Economy: Evidence from a Structural Model

    This study investigates the main causes and consequences of import and export smuggling and estimates the relative index of smuggling in Iran from 1970 to 2002. The Multiple Indicators - Multiple Causes…

  6. Discussion and Working Paper // 2008

    Illegal Trade in the Iranian Economy: Evidence from a Structural Model

    This study investigates the main causes and indicators of smuggling in both import and export sections of the Iranian Economy and estimates an absolute index of smuggling in Iran during the period 1970-2002.…