"The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need to integrate more harmoniously the three...

"The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...

This Review attempts to be a timely input into the legal and policy reform agenda and the implementation process on which the Government has embarked. The report has been elaborated in close partnership with the National Land Tenure Reform Program (Programme National Foncier). It has been...

To implement the vision of fostering economic development, social equity, and a transparent and effective government, the Government of Liberia has outlined key transitions that need to be accomplished. These include the development of infrastructure (roads, electricity), schools, job creation...

Despite several attempts at reform, immovable property rights in Albania are not adequately secure and represent an important governance challenge. Problems have resulted from incomplete first title registration, the lack of accurate cadastral records, and, in many cases, the absence of reliable...

This report centers on the problems stemming from land issues in Nicaragua. The report's main recommendations deal with four priority actions: institutional reform; adjustments to the legal framework; systematic regularization of land rights; and, firmly addressing previous land invasions, and...

"The authors propose a "bottom up" approach to link public investment programs with a class of macro models recently developed to quantify Strategy Papers for Human Development (SPAHD) in low-income countries. The methodology involves establishing constant-price projections of investment outlays...

"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex political economy process, where legitimate social goals are mixed with the objectives of particular interest groups. Whatever its justification and objectives, regulation can...