This paper is a brief history of financial regulation. The removal and relaxation of controls on credit and interest rates in the 1980s and the growing emphasis on prudential controls is highlighted. Three...
This paper contains a numerical listing of working papers produced by the Policy, Planning, and External Affairs Complex. Each citation contains a brief abstract, and the contact point for the paper.
The author surveys recent growth models that try to explain the diversity among countries in rates of economic growth. The author finds that these models can generate differences in growth rates only in...
When agricultural production is taxed, the system of producer prices, transport logistics, and decisions on investments in transport for exports must be considered together. Many African states raise revenue...
The optimal charge for road use is equal to variable costs for road maintenance, together with the costs road users impose on other road users and on the rest of society. One persistent question raised...
The Volan units (previously unitary but now formally dismembered) provide public transport services for both passengers and freight, and make up the largest enterprise in Hungary's road transport industry...
This paper focuses on what determines labor redundancy in selected modes of transport (rails, ports, and buses) in six countries: Brazil, Chile, Ghana, Mauritius, Sri Lanka, and Yugoslavia. It also analyzes...
Canada was the first country to enact comprehensive antitrust legislation (in 1889) and to institute an antidumping system (in 1904). Canada's original "unfair" trade legislation reflected a desire to...
This paper discusses the magnitude of external resources that sub-Saharan Africa may require during the 1990s. There can be no firm projections because requirements are affected both by the growth and...
Dumping accurs when a firm charges a price in the foreign market below its price in the domestic market when it supplies the indentical good to both markets. Provisions within the GATT allow member countries...
The agricultural transition is an essential part of stabilization and adjustment in Eastern and Central Europe because agricultural sectors are large and food is important. The supply response that many...
The two literatures on targeting and on intrahousehold inequality have developed rapidly over the past 15 years, but largely independent of each other. The literature on targeting concerns itself with...
This paper models a dynamic bargaining game between a highly indebted country and its commercial bank consortium, to analyze the determinants of the resulting re-scheduling agreements and the net transfer...
In the early 1980s, the Polish chemical industry got caught up in a battle waged by the European Community's chemical industry to preserve the EC market for itself. The Polish share of that market was...
Reform is often flawed by delayed implementation and, after initial acceptance, sudden reversals in public reaction. In recent years, many attribute these delays and reversals to reform dynamics because...
Antidumping actions by importing countries do not protect their consumers. What protects domestic consumers is competition. It is Korean consumers who are paying for the development of the Korean electronics...
The authors develop a simple, formal framework for clarifying the tradeoffs involved in choosing between a fixed and flexible exchange rate system. They apply this framework to the countries of Africa's...
Most health professionals who have worked in rural areas have had the experience of being supervised badly: the flying visit by a superior who inspects the records, delivers a critical speech, and disappears...
Analysis of decade-long growth rates in all countries shows a striking regularity: episodes of rapid growth are limited largely to a middle range of initial income; neither very poor nor very rich countries...
Antidumping has about it the aura of a special measure to undo a special problem. Within this view, the explosion of antidumping actions in the 1980s was simply a good thing carried too far: the appropriate...