The objective of this report, which is the third in a series of programmatic public expenditure reviews (PPER), is to identify potential measures to strengthen public finances in line with the Government’s...
The objective of this report, which is the third in a series of programmatic public expenditure reviews (PPER), is to identify potential measures to strengthen public finances in line with the Government’s...
This country gender assessment (CGA) reviews the state of equality between women and men in Georgia in access to opportunities, that is, equality in rights, resources, and voice for women and men. Equality...
Economic growth picked up in the final quarter of 2013 as policy uncertainty was reduced, confidence strengthened, and budget execution substantially increased. Surge in spending in the last quarter of...
Peace came accompanied not only by the end to the human drama associated with the conflicts, but also by a significant economic dividend, a much needed development in a region where per capita gross domestic...
Soaring commodity prices in 2007 and 2008 raised concerns that volatility was also rising, which would have implications for welfare and therefore for the design of public policy interventions. The literature...
The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based...
The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity"...
The objective of this paper is to empirically test across alternative, apparently observationally equivalent theories of currency crises. Theories of crises are often difficult to distinguish from each...
This article studies the evolution of the private saving rate in India during 1960-9S. Its distinctive feature is that it proposes three new measures of private saving, which are incremental improvements...