Developing East Asia is leading the global economic recovery, although performance varies across the region. In some countries, the monetary stance is already being tightened in light of emerging inflationary...
Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable definition of "odious" debts and there are but few examples where the concept has been invoked...
The purpose of this discussion paper is modest: (i) examine the main features of the traditional concept and categories of odious debts, and briefly examine whether a rule allowing the repudiation of odious...
The article empirically examines the determinants of debt distress, defined as periods in which countries resort to any of three forms of exceptional finance: significant arrears on external debt, Paris...
The primacy of institutions reconsidered: direct income effects of malaria prevalence by Kai Carstensen, and Erich Gundlacb; when is external debt sustainable? By Aart Kraay, and Vikram Nehru; will African...
Amid slowing world trade and regional growth, the Megawati administration has inherited a fragile economy. Financial markets gave the new team a strong vote of confidence but the honeymoon will be short...
The author applies the theme of the last two papers in the Global Economic Prospects series, written by the International Economics Department, to the case of one developing region: East Asia. He documents...