This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries’ currencies as pro-cyclical if they appreciate in good times...
Operations Evaluation Department (OED) began evaluating Bank country assistance programs in FY1995. These country assistance evaluations (CAEs) assess how well Bank assistance programs met their objectives...
Between 1990 and 2001, 95 projects for US$ 10.8 billion in 21 European and Central Asian (ECA) countries included legal and judicial reforms. The Bank supported legal reform of commerce, the financial...