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Searching with a thematic focus on Aid and debt, Governance
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In search of price rigidities : recent sectoral evidence from Argentina
Policy Research Working Papers, World Bank, 1995Monetary and exchange rate policies have different effects on relative prices among economic sectors --- and thus significantly influence the real side of the economy.The hypothesis that the price adjustment to nominal shocks is instantaneous has been part of the monetarist approach explaining the inflationary process in Argentina.But Morisset and Revoredo argue that monetary and exchange raDocumentWorkers in transition
Policy Research Working Papers, World Bank, 1995The outlook is bright for transition economies that are fully embracing market based reform, including appropriate, coherently applied labor policies. In other transition economies, a mix of paternalism and populism could produce partial, timid reform that makes them increasingly unproductive and corrupt.DocumentGovernance and the returns to investment : an empirical investigation
Policy Research Working Papers, World Bank, 1995There is a strong statistical link between a country's civil liberties and the performance of its aid financed government investment projects.DocumentFrom plan to market : patterns of transition
Policy Research Working Papers, World Bank, 1996Among the findings from this analysis of patterns of transition: Liberalization is essential to stabilization despite an initial spurt in prices.DocumentIn search of owners: lessons of experience with privatization and corporate governance in transition economies
Policy Research Working Papers, World Bank, 1996Although each approach to privatization has its advantages, well designed voucher privatization may best meet the objectives of feasibility, governance, fairness, and institution building.Gray reviews the goals of privatization and evaluates various methods used to achieve them in different transition settings.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.DocumentBanking 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.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 inteDocumentThe 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.DocumentWhen is foreign aid policy credible? : aid dependence and conditionality
Policy Research Working Papers, World Bank, 1997Disbursements of foreign aid are guided (in part) by the needs of the poor. Anticipating this, recipients have little incentive to improve the welfare of the poor.Pages
