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Today, there are over 20 countries classified as transition economies. It is undeniable that a basic and essential challenge for all transition economies is still the attraction of investment and, in...

This publication summarizes the proceedings of the Round Table on Standards, Norms and Regulations and their Impact on International Trade, focused primarily on central and eastern European countries...

This publication discusses the different aspects of transition Poland has experienced during the last decade. The guide looks at encouraging private entrepreneurship; problems of stock exchanges in a...

The development of foreign trade in the transition economies depends largely on the availability of competitive exports and convertible currency funds for imports. This publication addresses practical...

This report starts with a short historical background, which describes the ascendancy of macroeconomic policies over social development policies. It continues with an evaluation of the relation...

This paper looks at the role of developing countries’ domestic policies in managing externally generated boom-bust cycles. It draws upon an extensive list of recent literature on the subject and upon...

The rapid development of the services sector in domestic and international trade has been a major feature of the world’s economic development over the last thirty or more years. At the same time...

This report is a study of Brazil’s derivatives markets. It examines their important role in the economy, and their role in monetary policy making by the Brazilian Central Bank (BCB). The first part of...

This paper seeks to provide a systematic framework for the main ideas that have been developed by ECLAC concerning the effects that market-led reforms have had on labor, financial and technology...

This paper explores the complementary use of capital account regulations, and counter-cyclical prudential regulation of domestic financial intermediaries. It explains how these two finance policy...

This report examines the factors that have affected the flow of capital from developed countries to the emerging economies of Latin America and Asia, in recent years. It is divided into three parts...

This paper looks at the evolution of the terms of trade in commodities for the twentieth century. A statistical analysis of the relative price series for 24 commodities and of eight indices reveals a...

This report is taken from the deliberations that took place at the workshop, Practical Aspects of Trade Finance in CIS Countries with Special Reference to Problems Encountered by Small and Medium...

This paper examines changes in the regulation and supervision of the Latin American financial sector in the aftermath of the Tequila Crisis of 1994-1995. It also explains the importance of good...

This paper examines the foreign exchange systems adopted by Argentina, Chile and Mexico during the Asian crisis, a time when intermediate exchange rate regimes proved to be ineffective and ceased to...

This studyaddresses the currency risk management of multinational companies with investments in Latin American countries. It focuses on periods of currency or financial shocks, paying special...

This brief publication aims to provide useful information for formulating technical assistance projects for Eastern Europe, the Caucasus, and Central Asia (EECCA) countries. The publication provides a...

The accession of eight Central and Eastern European transition countries and two Mediterranean countries to the European Union was the most significant enlargement in scope and diversity in the...

This paper examines shows that in Latin America the progress achieved on macroeconomic coordination has been poor. Demand for coordination is weakened by the lack of synchronization between economic...

During the 1990s, the economies of Latin America and the Caribbean implemented a series of far-reaching structural reforms and took a new direction in terms of economic policy. At first, these...