Reform is often flawed by delayed implementation and, after initial acceptance, sudden reversals in public reaction. In recent years, many attribute these delays and reversals to reform dynamics because reform, particularly when comprehensive, rarely takes place all at once. In designing reform, it is important to determine what the best sequencing of reform would be, under what conditions that sequence is feasible, and how expectations will affect...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1991/10/31
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Рабочий документ в рамках исследования вопросов политики
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WPS788
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1
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1
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2010/07/01
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How expectations affect reform dynamics in developing countries
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real exchange rate appreciation
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