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The exchange rate regime does make a difference for inflation performance. It is difficult to infer its effect on growth, but policy variables, and other variables influencing economic activity, do have different effects on growth under different exchange-rate arrangements
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Transition economies are at different stages of integration into the world trading system. Most remaining reforms and …
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that minimizes information asymmetry as well as corruption, and enhances liquidity as well as property rights. "--World …
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competition and innovation, or that they are more sensitive to foreign presence. "--World Bank web site …
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