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Searching with a thematic focus on Aid and debt, Debt
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The analysis of emerging policy issues in development finance : a survey of the literature
Policy Research Working Papers, World Bank, 1996A survey of recent economic literature and a case for improving capacity in developing countries to monitor and analyze data on private capital flows, especially portfolio investment flows (through both debt and non debt instruments).Gooptu makes a case for improving capacity in developing countries to monitor and analyze data on private capital flows, especially portfolio investment flows (thrDocumentSocial insurance in the transition to a market economy : theoretical issues with application to Moldova
Policy Research Working Papers, World Bank, 1996What is the proper mix of social insurance and social assistance in the transition economies of Eastern Europe and the former Soviet Union?Social security systems in Eastern Europe and the former Soviet Union devote most of their resources to earningsrelated pensions and neglect "targeted" interventions to aid losers from the transition to a market economy.DocumentGrants and debt forgiveness in Africa : a descriptive analysis
Policy Research Working Papers, World Bank, 1996Bilateral and multilateral creditors have made a significant effort to increase financial resources flowing to lowincome African countries, helping them expand their import capacity. But the increasing share of pure grants and debt relief from bilateral donors in recent years has not allowed these countries to reduce their total indebtedness and solve their debtoverhang problem.DocumentThe lender of last resort function under a currency board : the case of Argentina / Gerard Caprio ... [et al.]
Policy Research Working Papers, World Bank, 1996No grand solution appears to exist for the problems that seem inevitable in the Argentine system, in which the Central Bank is both lender of last resort and currency board, providing full convertibility between pesos and U.S. dollars.DocumentThe Baltics : banking crises observed
Policy Research Working Papers, World Bank, 1996Lessons learned from banking crises in three Baltic republics crises that all developed in the context of simultaneous transition and adjustment, putting tremendous strain on banks and their enterprise borrowers.Fleming, Chu, and Bakker compare the banking crises experienced in Estonia, Latvia, and Lithuania, examining the causes, effects, and policy responses.The starting point for the thrDocumentPoverty and inequality during structural adjustment in rural Tanzania
Policy Research Working Papers, World Bank, 1996Growth attributed to structural adjustment has benefited the population generally, shifting a significant portion of the population from below the poverty line to above it.DocumentPayments and finance problems in the CIS
Policy Research Working Papers, World Bank, 1996Solving payments problems that have recently constrained interstate trade among member countries of the Commonwealth of Independent States (CIS) requires stabilization measures that improve the prospects of currency convertibility among CIS countries and stronger institutional arrangements, to permit payments and settlements through correspondent bank accounts.Payments problems constrained inteDocumentMonetary policy during transition : an overview
Policy Research Working Papers, World Bank, 1997In transition economies monetary stability goes hand in hand with adjustment in the real sectors. Subsidies and central bank support of public enterprises to help maintain employment and output are ultimately financed by creating money, reducing the options for market based monetary policy regardless of how market oriented the monetary system.DocumentInflation in nontradables and the macroeconomic policy mix : a model with policy application to transition economies
Policy Research Working Papers, World Bank, 1997How a price increase in the nontradables sector of a transition economy affects the exchange rate, relative prices, wages, and, indirectly, the movement of factors of production.DocumentThe maturity structure of debt : determinants and effects on firms' performance : evidence from the United Kingdom and Italy
Policy Research Working Papers, World Bank, 1997Firms tend to match assets with liabilities, and more profitable firms have more long-term debt. Long-term debt has a positive effect on firms' performance, but this is not true when a large fraction of that debt is subsidized. Schiantarelli and Sembenelli empirically investigate the determinants and consequences of the maturity structure of debt using data from a panel of U.K.Pages
