The basic objective of this article is to identify the priority issues that could influence Mexico’s long-term economic growth path, and to outline a balanced action program necessary to effectively address these issues. It includes reforms and actions that would simultaneously achieve...

At the Emerging Markets Forum in October 2010, initial results were presented from an exercise that attempted to measure the resilience of emerging market and developing countries (EMDCs) to deal with shocks to their economies. This paper updates, improves upon, and draws conclusions from that...

Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve...

The welfare effects of three types of liberalization policy--financial deregulation, relaxation of capital controls, and trade liberalization--are studied under the realistic assumption that in the short run all markets cannot be liberalized simultaneously. An intertemporal general equilibrium...