Croatia's high degree of municipal fragmentation has been consistently recognized as a weakness and one of the main problems of its intergovernmental fiscal system. The report argues that the problem of fragmentation is in essence a problem of capacity. The objective of this report is to review...

"The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude...

This report examines the status of reading acquisition in Timor-Leste's primary schools. It is written for education stakeholders and policy makers in Timor-Leste, including government officials, politicians, educators, parents, Timor-Leste's donor partners and Non Governmental Organizations...

Introduction : toward better practices in systemic corporate restructuring / Michael Pomerleano -- Ch. 1. Synopsis of conference papers / William Shaw -- Ch. 2. Policy approaches to corporate restructuring around the world : what worked, what failed? / Stijn Claessens -- Ch. 3. Recent...

"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...