This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems...
During the 1990s commercial bank deposits and capital rose relative to GDP in the major developing countries. This rise largely reflected the dramatic fall in inflation of the 1990s and financial liberalization...
This paper discusses the importance of incentives and legal, regulatory and supervisory issues in reform. The author provides a brief history of India's shift from financial repression to financial liberalization...
The increase in trade, the increasing internationalization of production and the improvements in communications, together with the legalization of foreign currency instruments in a growing number of countries...
This Banks world newsletter includes some of the following issue: office of the President; finance staff; operations staff; Africa; Asia; Europe, Middle East and North Africa; Latin America and the Caribbean;...
This paper first updates to 1980 the estimates of the Harberger inflation model for Argentina, Brazil, Chile, Colombia and Uruguay and shows that all the hypotheses of this model hold and the reaction...