Sequencing of Economic Reforms in the Presence of Political Constraints PDF Download
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Author: César Martinelli
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
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Book Description
Author: César Martinelli
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
Get Book Here
Book Description
Author: César Martinelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 52
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Book Description
Author: Jukka Pirttila
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Using data from transition economies, this paper examines linkages between political constraints and economic reforms. Estimation results suggest that progress in reform is positively associated with public support for reforms, which is affected by income inequality and expected individual performance during future reforms. These findings support influential theories that both ex post and ex ante political constraints are instrumental in determining the extent of progress in welfare-enhancing reforms. We also find evidence to support reform sequencing starting with a reform that is both popular and stimulatory to other reforms.
Author: Federico Sturzenegger
Publisher: MIT Press
ISBN: 9780262194006
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
In this book, Federico Sturzenegger and Mariano Tommasi propose formal models to answer some of the questions raised by the recent reform experience of many Latin American and eastern European countries.
Author: Vicente Galbis
Publisher: International Monetary Fund
ISBN: 1451852460
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
This paper provides a review of the literature on both analytical issues and country experiences on the sequencing of financial sector reforms. It discusses the choice between big-bang and gradual reforms, the relationship of financial sector reforms to other economic reforms, the internal sequencing of financial sector measures and the influence of initial conditions. It is concluded that a pragmatic approach to the sequencing issue is necessary as there are only a few general principles valid for all countries.
Author: Saleh M. Nsouli
Publisher: International Monetary Fund
ISBN:
Category : Developing countries
Languages : en
Pages : 44
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Book Description
Author: John K. Walton
Publisher: John Wiley & Sons
ISBN: 0470712716
Category : Social Science
Languages : en
Pages : 398
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Book Description
This book describes and explains the extraordinary wave of popular protest that swept across the so-called Third World and the countries of the former socialist bloc during the period from the late 1970s to the early 1990s, in response to the mounting debt crisis and the austerity measures widely adopted as part of economic "reform" and "adjustment". Explores this general proposition in a cross-national study of the austerity protests, or the 'IMF Riots' that have affected so many debtor nations since the mid-1970s Argues that modern austerity protests, like the classical "bread riots" in eighteenth-century Europe are political acts aimed at injustice, but acts that are an integral part of the process of international economic and political restructuring Evaluates how modern food riots are most important for what they reveal about global economic transformation and its social, and political, consequences Provides a general framework (drawing on comparative and historical material) and then trace the cycle of uneven development, debt, neo-liberal reform, and protest in Latin America, Africa, Asia, the Middle East, and Eastern Europe Focusses on the role of women in structural adjustment and protest politics and the features of seemingly anomalous cases which qualify the general argument
Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
ISBN: 1589068181
Category : Business & Economics
Languages : en
Pages : 62
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Book Description
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Author:
Publisher: Peterson Institute
ISBN: 9780881325928
Category : Latin America
Languages : en
Pages : 398
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Book Description
Examines the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. Diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.
