This study assesses the fiscal and monetary management challenges that can be associated with large inflows of foreign aid. It provides a brief overview of the literature on Dutch Disease (DD) as applied to mineral wealth and then assesses the conventional policy responses that are available to...

ILO pub-WEP pub. Working paper on effects of interest rates on employment and income distribution, with particular reference to developing countries - reviews related economic theories; considers consequences of higher inflation rates in Chile and Turkey; supports the setting up of realistic...

The purpose of this current paper is twofold. Firstly it extends the analysis of an earlier paper by the authors, (Roe and Tyler 1977a). That paper was based on a semi-aggregated version of the 1970 Social Accounts Matrix (SAM) available for Sri Lanka, which incorporated 12 economic activities....

This paper focuses on the manner in which interest rates have been raised to, and sustained at, extremely high levels in developing and emerging market economies as a consequence of recent financial crises. By contrast rich market economies have typically lowered interest rates and injected...

The use of indigenous knowledge has been seen in some quarters to offer real possibilities of success in development practice. However, results have been uneven, perhaps because of the way in which indigenous knowledge has been conceptualised. Drawing on empirical research among two related...

Growth, poverty reduction, and social peace are all undermined when public expenditure management and taxation are weak and when the fiscal deficit and public debt are not managed successfully. And large-scale aid and debt relief cannot work without a good fiscal system. The macroeconomic...

This paper proposes a framework for analyzing the evolution of financial sectors in economies transiting from command to market structures. Most commentators have tended to regard this"Transition"as an undifferentiated period to be traversed as rapidly as possible. In doing so they ignore the...