Now showing items 1-10 of 1084
Economic Reform in Tanzania and Vietnam: A Comparative Commentary
(2004-06-01)
The economic reforms in Tanzania and Vietnam represent the two typical cases of transition economies in Asia and Africa, particularrly the transformation of the two developing economies from the planned to the market ...
Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives
(2005-06-01)
We focus on the conflict between two central bank objectives, namely individual bank stability and systemic stability. We study the licensing policy of the Central Bank of Russia (CBR) in 1999-2002. Banks in poorly banked ...
The Changing Corporate Governance Paradigm: Implications for Transition and Developing Countries
(1999-06-01)
The rapidly growing literature studying the relationship between legal origin, investor protection, and finance has stimulated an important debate in academic circles. It has also generated a number of applied research ...
Dollarization of Liabilities in Non-tradable Goods Sector
(2001-06-01)
This paper questions the motivation of dollar indebtedness by firms of the non-tradable good sectors in a period of exchange rate pressure. Given the structure of banks' indebtedness and protection of banks' foreign ...
No Pain, No Gain: Market Reform, Unemployment, and Politics in Bulgaria
(2003-05-15)
In 1997, a new center-right government came to power in Bulgaria with a mandate to accelerate market reforms. By the time of the next elections in 2001, 75 percent of GDP was produced in the private sector, compared to 45 ...
The Effect of Pre-Primary Education on Primary School Performance
(2006-07-01)
Although the theoretical case for universal pre-primary education is strong, the empirical foundation is weak. In this paper, we contribute to the empirical case by investigating the effect of a large expansion of universal ...
A re-examination of the Purchasing Power Parity using non-stationary dynamic panel methods : a comparative approach for developing and developed countries
(2003-04-02)
The aim of this paper is to apply recent advances in the econometrics of non-stationary dynamic panel methods to examine the robustness of the PPP concept for a sample of 73 developed and developing countries. Our ...
Law Enforcement and Transition
(1999-05-01)
We present a simple model to analyze law enforcement problems in transition economies. Law enforcement implies coordination problems and multiplicity of equilibria due to a law abidnce and a fiscal externality. We analyze ...
Optimal Resource Rent
(2013-03-01)
This paper develops the first systematic attempt to model and empirically estimate the concept of optimal resource renting. Optimal rent is found to be positively affected by increases in the recession buffer and resource ...