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economic reforms. The authors test this hypothesis using data on micro-economic reforms from the World Bank's Doing Business … probability of reform in the sample is 57.1 percent. "--World Bank web site …

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The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...

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