An Analysis of Private Sector Development Issues in Small Economies This book examines the underlying factors that determine the environment for investment and growth in small economies, focussing on those in the Pacific.The private sector can flourish and create employment opportunities only if...

The objective of this study is twofold: First, (a) it evaluates the outcomes and outputs of technical assistance to SEZs in Laos; (b) it assesses the relevance of those results to the objectives of sustainable economic growth and job creation; and (c) it identifies any shortcomings that still...

This study on resource exports evaluates the potential impact of resource-led export growth on the external sector as a whole and its feed-through effects on the production of domestic goods and the services industries. Of particular importance is the implications of those resource exports on...

Brazilian economy has experienced a major boost in leverage in the first decade of 2000 as a result of a set factors ranging from macroeconomic stability to the abundant liquidity in international financial markets before 2008 and a set of deliberate decisions taken by President Lula's to expand...

In May 2013, Federal Reserve officials first began to talk of the possibility of tapering their security purchases. This tapering talk had a sharp negative impact on emerging markets. Different countries, however, were affected differently. We use data for exchange rates, foreign reserves and...

This study investigates the existence of day of the week effects on stock returns in the Colombian Stock Exchange (CSE) for the period between June 2001 and March 2005. The Bogotá Stock Exchange was established in 1928. However, the two other main bourses in the country merged with this in 2001...

Abstract This paper examines from the developing countries perspective important analytical and policy issues arising from: a) the current international discussions about corporate governance in relation to the New International Financial Architecture; b) changes in the international competitive...

Previous research has established (i) that a country’s financial sector influence future economic growth and (ii) that stock market index returns affect future economic growth. We extend and tie together these two strands of the growth literature by analyzing the relationship between banking...

In late April 2013, Jim O’Neill retired as chairman of Goldman Sachs (GS). The 56-year-old British economist, among other accomplishments, left his mark on the still unfolding globalization story by coining the acronym BRIC, referring to the four rapidly developing nations—Brazil, Russia,...

The main focus of this paper is to examine the effect of the recent global financial crisis on emerging countries’ borrowing costs by implementing a panel data analysis. We propose an empirical assessment over the period 2006-2010 for seven selected emerging countries including Turkey. It is...