Download ebook, World Bank Publications, Shang-Jin Wei.
Corruption, Composition of Capital Flows and Currency Crises
by Shang-Jin Wei
Developing Country Debt and Economic Performance, Volume 2
by Jeffrey D. Sachs
This project on developing country debt, undertaken by the National Bureau of Economic Research, provides a detailed analysis of the ongoing developing country debt crisis. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The project analyzes the crisis from two perspectives, that of the international financial system as a whole (volume 1) and that of individual debtor countries (volumes 2 and 3).
This second volume contains lengthy and detailed case studies of four Latin American nations—Argentina, Bolivia, Brazil, and Mexico—providing a wealth of comparative data and new statistics on the general economic development of each nation. The authors explore the various factors that contributed to the debt crisis in each country and analyze how the crisis was managed once it had taken hold. Trenchant economic analyses are enchanced by assessments of the stark political realities behind the policy choices facing each nation.
Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde
by Mr. Yibin Mu
by International Monetary Fund
The Eastern Enlargement of the EU
by Marek Dabrowski, Jacek Rostowski, Professor and Head Department of Economics Jacek Rostowski
The book is relevant to academics in macroeconomics, European studies and transition economics, as well as in public finance and public policy sciences. It should also appeal to a significant professional audience. Policy makers and economists interested in the accession process in EU countries – at ministries, National Banks, research departments of banks, international organizations (the EU Commission, World Bank, IMF, OECD) – will have a strong interest in this book.
Sustainability of Public Debt
by Reinhard Neck, Jan-Egbert Sturm
In recent decades, governments have built up substantial public debt, which is oftenaccompanied by a growing public sector and fiscal policies that neglect long-term considerations.The contributors to this CESifo volume consider whether the development of public debt in the UnitedStates and six EU countries is sustainable–that is, whether fiscal policies in these countries canbe continued without creating the potential for government bankruptcy. The sustainability of publicdebt presents a challenge not only to public policy design but also to economic theory. Thiscollection is the first book-length analysis of the theoretical foundations of public debtsustainability concepts and their application to the empirical study of actual budgetary policies.Conditions for public debt sustainability are derived and applied to various institutionalenvironments. Country studies cover the United States, Italy, the Netherlands, Austria, Denmark, theUnited Kingdom, and Switzerland, with special emphasis in the EU chapters on the fiscal criteria forentrance into the European Monetary Union and the Stability and Growth Pact. The contributors findthat in most countries, fiscal policy turns out to be sustainable in the long run and that allcountries (with the possible exception of Italy) were able to return to a sustainable path after aperiod of unsustainability.ContributorsTorben M. Andersen, Roel M. W. J. Beetsma, Henning Bohn,Marco Buti, Sylvester Eijffinger, Lars P. Feld, Daniele Franco, Emma Galli, Olaf de Groot, GottfriedHaber, Jakob de Haan, Andrew Hughes Hallett, Svend E. Hougaard Jensen, Gebhard Kirchgässner,Reinhard Neck, Fabio Padovano, Lars Haagen Pedersen, Jan-Egbert Sturm, Koen Vermeylen Reinhard Neckis Professor of Economics at Klagenfurt University, Austria. Jan-Egbert Sturm is Professor ofApplied Microeconomics and Director of KOF Swiss Economic Institute at the ETH Zurich.