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Searching with a thematic focus on Finance policy
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Distribution of income and the income tax burden in Bulgaria
Policy Research Working Papers, World Bank, 1995The empirical analysis of Bulgaria's income distribution and income tax burden indicates that the country has low income inequality although this is changing rapidly.DocumentLegislative frameworks used to foster petroleum development
Policy Research Working Papers, World Bank, 1995Identifies and explains the essential elements of legislative frameworks that have attracted foreign direct investment into the petroleum sector and hence fostered development of petroleum resources in host states.The main purpose of a legislative framework for petroleum development is to provide the basic context for, and the rules governing, petroleum operations in the host country; to regulaDocumentPolicy - based finance, financial regulation, and financial sector development in Japan
Policy Research Working Papers, World Bank, 1995Is Japan a good model for developing countries? Certainly macroeconomic stability, good information systems, effective monitoring, and financial discipline are essential for smooth functioning, efficient financial systems.DocumentEnergy price increases in developing countries : case studies of Malaysia,Indonesia, Ghana, Zimbabwe, Colombia and Turkey
Policy Research Working Papers, World Bank, 1995Six case studies show that raising energy prices to eliminate subsidies does not harm the poor, growth, inflation, or industrial competitiveness. And public revenues improve.When domestic energy prices in developing countries fall below opportunity costs, price increases are recommended to conserve fiscal revenue and to ensure efficient use of resources.DocumentThe role of commercial banks in enterprise restructuring in Central and Eastern Europe
Policy Research Working Papers, World Bank, 1995In Central and Eastern Europe, banks are less active than planned in enterprise restructuring. Corporate restructuring is not normally a major part of commercial banking --- to ask banks to restructure their weakest clients is to direct attention away from lending to their strongest clients, which should be their core business.DocumentTrade reform design as a signal to foreign investors : lessons for economies in transition
Policy Research Working Papers, World Bank, 1995The design of trade policy reform can encourage or discourage foreign direct investment by revealing the government's commitment to protect the interests of foreign investors. The optimal policy is analyzed under four scenarios.DocumentThe Emerging Legal Framework for Private Sector Development in Viet Nam's Transitional Economy
Policy Research Working Papers, World Bank, 1999Private (especially foreign) investors find Viet Nam's legal framework the most serious impediment to investment. Policy changes to reverse the former command system may be enough to initiate the transition.DocumentThe Uruguay Round and South Asia : an overview of the impact and opportunities
Policy Research Working Papers, World Bank, 1995South Asia remains less liberal in trade policy than East Asia, including China. The Uruguay Round's most dramatic effect on South Asia will be the removal of non tariff barriers on the region's exports to the rest of the world.DocumentCorporate control in Central Europe and Russia: should banks own shares?
Policy Research Working Papers, World Bank, 1995A governance system based on bank ownership and control of firms is not yet feasible, but a good case can be made for allowing banks to gradually gain experience through limited equity ownership especially for allowing the swapping of bad debt for equity. and Prowse review corporate governance arrangements in the West and conclude that for a system based on bank ownership and control of firmsDocumentThe surge in capital inflows to developing countries : prospects and policy response
Policy Research Working Papers, World Bank, 1995Foreign interest rates have been the "push" factor driving capital inflows and determining their magnitude, but country creditworthiness has influenced the timing and geographic destination of the new capital flows.Pages
