Comprising original and never-before-published papers by distinguished economists, this book offers insights about lessons that were or should have been learned from recent outbreaks of such crises in East Asia and elsewhere. Recent Financial Crises also presents a set of econometric studies of...

Good estimates of nutrient intake responses to prices and income are very useful for the evaluation of the numerous efforts to improve nutrition in many developing countries through price-subsidy and income-generation policies. We discuss three problems in standard estimates of these responses...

"Among developing member countries (DMCs), Indonesia and the Philippines rank fairly high in the distribution of real GDP per capita in PPP dollars while Bangladesh ranks much lower. In terms of aggregate schooling, the Philippines has secondary and tertiary enrollment rates that are...

"While decentralization of education in DMCs has largely been driven by fiscal constraints, it has also been motivated by concerns about the effectiveness of a centralized system in delivering education services. The statistics are revealing: while virtually all DMCs have made impressive gains...