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Reforming the (non)systemPart of Book Resetting the International Monetary (Non)System
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External Imbalances, Famines And EntitlementsThe study proceeded by broadly categorizing the various defects of the economy as manifestations of two disequilibria in the system. The first disequilibrium pertains to the internal imbalances as reflected mainly by the stagnation in economic growth...
Working Paper
Health Effects of Market-Based Reforms in Developing CountriesRadical and simultaneous economic reforms were implemented in many developing countries, especially in Africa, Asia and Latin America in the 1980s and early 1990s. Many of these reforms - structural adjustment programmes - were implemented with...
Book Chapter
A brief history of the international monetary system since Bretton WoodsPart of Book Resetting the International Monetary (Non)System
Book Chapter
Resolution of balance of payments crises: emergency financing and debt workoutsPart of Book Resetting the International Monetary (Non)System
Working Paper
Gap DisequilibriaFour "gaps" or restrictions on capacity growth -- from available saving and foreign exchange, investment demand (with crowding-in of private by public capital formation), and ex ante discrepancies between inflation rates needed on the one hand to...
Working Paper
Reforming the global monetary non-systemThis paper proposes a comprehensive yet evolutionary reform of the global monetary non-system that evolved out of the breakdown of the original Bretton Woods arrangement in the early 1970s. It includes: (i) a global reserve system that mixes the...
Working Paper
A brief history of the international monetary system since Bretton WoodsThis paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton...
Blog
From the Editor’s Desk (January 2015)
We are now into 2015, and the year is already gathering speed. 2015 is of course the 70th anniversary of the United Nations, and a major year in...
Working Paper
Resolution of balance of payments crisesThis paper analyses the history and effectiveness of the two major mechanisms of resolution of balance of payments crisis. It argues that IMF lending has met its counter-cyclical objectives through history and has been improving in terms of providing...
Book Chapter
Foreign Aid and Economic Development in Postwar LebanonPart of Book Foreign Aid for Development
Book Chapter
Flight Capital and Its Reversal for Development FinancingPart of Book External Finance for Private Sector Development
Working Paper
Structural features of the Mozambique economy through the lens of a 2019 social accounting matrixThis study presents and discusses structural features of the Mozambique economy through the lens of a recently constructed 2019 social accounting matrix (SAM). This is an important reality check of the SAM construction process since it brings...
Working Paper
A 2017 Social Accounting Matrix for MyanmarThis paper documents the compilation of a 2017 Social Accounting Matrix for Myanmar. This is based on partial and unpublished National Accounts data and unpublished Supply and Use Table data, as well as Balance of Payment data and Government Finance...
Working Paper
Structural features of the Myanmar economy through the lens of a 2017 Social Accounting MatrixBased on a recently constructed 2017 Social Accounting Matrix, we examine structural aspects of the Myanmar economy. The exposition ranges from industry, trade, household income, and expenditure to labour market issues. Agriculture remains dominant...
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