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Capital Inflows and the Real Exchange Rate: A Comparative Study of Asia and Latin America
The nexus of real exchange rate (RER) and capital inflows is examined through a comparative analysis of the experiences of emerging market economies in Asian and Latin America during the period
Trade Policies of Developing Countries
This clear-headed account traces the relationship of the developing countries with the world economy, the factors leading to trade reforms, and the political economy aspects of reform.
Liberalization and Industrial Transformation: Sri Lanka in International Perspective
This is an analytical study of Sri Lanka's experience with economic reforms. Describing reforms since 1977, the authors use detailed empirical analysis to show how the country's rapid progress in
Developing-Countries’ Trade Policies in the 1990s: Back to the Future
Developing-countries’ trade policies in the 1990s owe much to the events of the 1980s. Many events had helped to shape trade policies of developing countries in the 1980s. Of these, the economic
Liberalization of the Domestic Financial Market Theoretical Issues with Evidence from Sri Lanka
The failure of financial liberalization reforms in several developing countries in recent years has led to a reassessment of the McKinnon-Show financial liberalization paradigm. The purpose of this
The Triumph of Hope over Experience: A Marshall Plan for Sub-Saharan Africa?
In the fifty years since gaining independence, sub-Saharan Africa has remained the poorest, most troubled, and most tragic region in the world. Its problems range from famine to the devastating
Trade policies, macroeconomic adjustment, and manufactured exports: The Latin American experience
ConclusionsChanges in trade policy, especially in quantitative import restrictions, have played an important role in the macroeconomic adjustment in all six countries. For long periods, trade policy
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