The Asian financial crisis, which can be characterized as a capital account crisis with the twin features of a financial crisis, i.e., currency crisis (international) and banking crisis (domestic) (see Yoshitomi and Ohno, 1999), has highlighted the weaknesses of the domestic banking system and...

Poverty targeting programs can in principle be assessed as projects using the tools of either cost-benefit or cost-effectiveness analysis. In practice where quantitative assessments have been made they are principally a form of cost-effectiveness calculations based on costs per unit of benefit...

The very rapid economic growth of the People's Republic of China (henceforth PRC), its dramatic success in world export markets and its heavy receipts of foreign direct investment (FDI) have generated much thought and debate in policy and business circles in different parts of the world. This...