Nicaragua's state domination of productive capacity from the late 1970s to 1990, coupled with the civil war of the 1980s, left the economy with hyperinflation, large fiscal and current account deficits...
The Financial Sector Assessment Program (FSAP) is a major initiative, undertaken jointly by the World Bank and the IMF, in response to the financial crises of the late 1990s. The ultimate objectives of...
The contents of this socialist economies in transition newsletter include: Central and Eastern Europe present challenges for the World Bank - an interview with Eugenio Lori; Mongolia - reform efforts in...
The focus of this program is on the improvement of decision-making in seven important areas dealing with the structure, reform, and development of financial systems in developing countries. The areas covered...
This paper reviews the issues faced in introducing market forces in Eastern European socialist economies. It centers the analysis on the problems created for the functioning of markets in the absence of...
Confronted with a financial crisis, governments in many developing countries protect their banks from bankruptcy by allocating resources to the least efficient debtors - loss making firms whose bankruptcy...