China came in at an annualized rate of 9.3 percent in the third quarter. And you know, there are all kinds of downside risks, you know, the biggest one being what's going to happen here in this country...
This book examines the 35-year career of Vinod Thomas. He spent those 35 years within the World Bank Group in different positions and in different regions. This book is organized in four parts. First...
This report discusses the remarks delivered by James D. Wolfensohn, President of the World Bank. He discusses that the Bank is looking to improvements in indicators of poverty, literacy, and health that...
"The management of the Fund favors greater transparency" - Stanley Fischer responds to IMF critics. Conditionality : this time, attached to the IMF : the US Congress's waiting game. Will wage arrears continue...
These proceedings provide an account of a roundtable discussion on the subject of "External Shocks and Currency Boards: How Much Pain? How Much Gain?" held at the World Bank on October 4, 1996. The panelists...
World Bank discussion on second-generation transition issues: growth, restructuring, corruption (Michael Bruno, Stanley Fischer, Jana Matesova, and Susan Rose-Ackerman). Anticorruption crackdown in China...
Living on borrowed time : lessons of the Soviet economy's collapse. Currency board to eliminate inflation in Russia? Structural reforms in Bulgaria: an agenda to move forward. Who are the Hungarian socialists...
Soviet growth for 1960-89 was the worst in the world, after controlling for investment and human capital. And relative performance worsens over time. The authors explain the declining Soviet growth rate...
Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced...
Moderate inflation. External shocks, purchasing power parity, and the equilibrium real exchange rate. Estimating returns to scale with large, imperfect panels: an application to Chilean manufacturing industries...
The World Bank has been supporting structural adjustment in developing countries since the late 1940s. Initially, the support took the form of preparing and financing projects, especially in the area of...
The economics of the government budget constraint. Reforming property rights in land and tenancy. Inflation and the costs of stabilization: historical and recent experiences and policy lessons. The role...
This article summarizes the simple analytics of the macroeconomic effects of government budget deficits. The presentation is organized around three key relationships: the national income accounts budget...
Excessive budget deficits can lead to inflation, exchange crises, external debt crises, and high real interest rates - with implications for real exchange rate, the trade account, and investment. But the...
The papers in this volume were presented at the first annual World Bank conference on development economics, held April 27-28, 1989, in Washington, D.C. The conference series brings researchers from the...
The final session of the conference brought together six acknowledged development experts in a panel discussion to review the current state of development policy research in their own areas of expertise...
This report presents the statement by Stanley Fischer, Vice President Development Economics and Chief Economist of the World Bank to the economic and social council of the United Nations on July 8, 1988...
Since it was first recognized in August 1982, the international debt crisis has dominated economic policy making in the developing countries. The prolonged debt crisis of those highly indebted countries...
The impact of agricultural extension: the training and visit system in India. Issues in medium-term macroeconomic adjustment. Shelter strategies for the urban poor in developing countries. The costs and...
Four years after the onset of the world debt crisis, the issue is how to restore growth. The answer is structural adjustment, both macro and micro. At the macro level, adjustments have to be made to the...