• Advanced developing countries are increasingly encouraged to remove existing capital controls, but mixed experiences with capital account opening caution that reform must be carefully designed to increase efficiency and growth without compromising stability • A gradual dismantling of...

Strong growth in China and India has led to improvements in raw-material exporting countries' terms of trade and attracted complementary finance. The long-term challenge for these countries, where institutions are often fragile, is to avoid the so-called “resource curse”. This paper aims to...

The Hamburg Institute for Economic Research, the Institut für Iberoamerikakunde, Hamburg, and the Institute for European-Latin American Relations, Madrid, on the occasion of the 1993 Annual Assembly of the IDB/IIC Board of Governors in Hamburg, organized a seminar on "Latin America's...