The authors analyze whether political freedom and civil liberties help or hinder economic liberalization, using panel data from 25 post-communist countries of Central and Eastern Europe and the former...
What, if any, is the link between labor market policies that benefit insiders - for example, regulations guaranteeing high minimum wages and strict job security - and political regimes. Is it true that...
Cote d'Ivoire represents an ideal opportunity for a case study of the effects of fiscal policy in a developing country with a fixed exchange rate. For the last 15 years, the growth of the Ivorian economy...
This paper addresses the questions of whether lending rates which are administratively set, should be made uniform across sectors or whether they should differ. Secondly, it asks what the effects are of...
This report reviews policy recommendations in recent Bank financial sector reports and compares them with the guidelines presented in the recent financial intermediation policy paper. It focuses on three...
The World Bank's dialogue with its member countries regarding the financial sector usually focuses on: (1) interest rate policies, (2) directed credit programs, (3) the taxation of financial savings and...
This paper presents an econometric analysis of the relationship between foreign borrowing and the real exchange rate, using pooled data for 30 LDCs. It empirically demonstrates that rapid expansions in...