
Working Paper
Black Markets, Openness, and Central Bank Autonomy
Part of Book Financial Openness and National Autonomy
This paper reviews the obstacles for an appropriate financial architecture of new economy firms in developing countries by reviewing the theoretical and some preliminary empirical underpinnings of the importance of legal and institutional barriers...
Twenty years after the fall of the iron curtain—which for decades had separated East from West—most countries of Central and Eastern Europe are now members of the European Union; some have even adopted the euro. Nonetheless, these countries have also...
Insolvency and debt recovery procedures are as crucial to a well-performing financial sector as credit provision itself. They are even more important in Africa, where attempts are underway to create fully-fledged financial markets. For the financial...
This paper reviews main S&D provisions for developing countries under the GATT-WTO trading system and discusses issues relating to the future of S&D treatment from the perspective of the least-developed countries (LDCs). It argues that negotiations...
Part of Book Globalization, Marginalization and Development