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Searching with a thematic focus on Aid and debt, Finance policy
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Coping with too much of a good thing : policy responses for large capital inflows to developing countries
Policy Research Working Papers, World Bank, 1995Economic policy on capital inflows does not lend itself to one size fits all policy prescriptions, but in the design of policy strategies for dealing with the inevitable volatility of such flows, a premium should be put on credibility, resilience, and flexibility.In discussing the causes and consequences of large capital inflows to developing countries, Goldstein emphasizes that:Although theDocumentContingent liability in banking : useful policy for developing countries?
Policy Research Working Papers, World Bank, 1995Could contingent liability systems play an important role in developing countries' banking systems?Bank owner contingent liability has been important in the development of many industrial countries. Unlimited liability on bank owners was an important element in the success of Scottish banking, for example, and lasted until 1862, when banks were allowed to adopt a limited liability designation.DocumentBefore main banks : a selective historical overview of Japan's prewar financial system
Policy Research Working Papers, World Bank, 1995Among lessons learned from Japan's pre-war financial system: Business conglomerates that did not remain dependent on government patronage were more successful than others in making the transition to a modern industrial economy.DocumentThe Latvian banking crisis : lessons learned
Policy Research Working Papers, World Bank, 1996In the spring of 1995, Latvia experienced the largest banking crisis in the former Soviet Union to date, involving the loss of about 40 percent of the banking system's assets and liabilities. Fleming and Talley outline the Latvian authorities' strategy for developing the banking system and identify how and why it unraveled.DocumentThe 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 (thrDocumentPublic finances and economic transition
Policy Research Working Papers, World Bank, 1996Fiscal accounts will probably remain under pressure in most transition economies.Barbone and Polackova analyze developments in general government spending and revenues for 26 former socialist economies for 1989-94.The data show that, rather than uniformly converting to a "Western European" norm, these reforming economies have followed a variety of patterns.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 thrDocumentBanking reform in transition - countries
Policy Research Working Papers, World Bank, 1996The institutional capacity of banks in transition economies improves faster when a new or parallel private banking system is allowed to emerge than it does when the government tries simply to reform existing state-owned banks.DocumentTrade and the accumulation and diffusion of knowledge
Policy Research Working Papers, World Bank, 1996The accumulation of knowledge affects trade performance and competitiveness, but trade also (through imports) affects the accumulation of knowledge.Padoan examines the properties of a dynamic disequilibrium model focused on trade specialization and the accumulation of knowledge.DocumentThe Polish experience with bank and enterprise restructuring
Policy Research Working Papers, World Bank, 1997Poland's program tackled simultaneously bank and enterprise restructuring and dealt decisively with the bad debt stock and flow problem with measures to improve incentives and institutional skills. Among transition economies, Poland was a pioneer in bank and enterprise restructuring.Pages
