Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of...

This paper estimates the impact of foreign participation in determining long-term local currency government bond yields and volatility in a group of emerging markets from 2000-2009. The results of a panel data analysis of 10 emerging markets show that greater foreign participation in the...

The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal...

The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal...

El propósito de este artículo es probar empíricamente el impacto de la liberación de capital sobre el flujo del intercambio bilateral de bienes y servicios. Se empleó un modelo de gravedad extendido para veinte países latinoamericanos para un periodo comprendido entre 1995 y 1999. Los...

Front-loaded fiscal austerity since the 2008 financial crisis has meant that the UK economic experience is being viewed as a kind of test case for the proposition that contractionary fiscal policy can induce an economic expansion. The discussion has often been implicitly framed in terms of the...