By 2025, six major emerging economies--Brazil, China, India, Indonesia, South Korea, and Russia--will account for more than half of all global growth, and the international monetary system will no longer be dominated by a single currency. As economic power shifts, these successful economies will...

"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find systematic positive and significant effects of...

"External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...

Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations and Glossary -- Overview -- 1 Conceptual Framework, Stylized Facts, and the Role of the Government -- 2 The Use of Long-Term Finance by Firms and Households: Determinants and Impact -- 3 The Use of Markets for Long-Term Finance --...

The Philippine quarterly update provides an update on key economic and social developments, and policies over the past three months. Despite heightened global economic uncertainty, the Philippine economy grew by 6.4 percent in the first quarter of 2012, a solid recovery from the relatively low...

The study focuses on analyzing and assessing some main features of the situation and the implementation results of Comprehensive Poverty Reduction and Growth Strategy (CPRGS) in order to identify major challenges for economic growth and poverty reduction, which will serve as the basis for the...

Several countries such as Japan, Brazil, Thailand and Turkey have achieved universal health coverage (UHC) and are proof of how UHC programs can serve as vital mechanisms for improving the health and welfare of the country's citizens. The UHC strives to ensure that no family is forced into...