This paper uses a data set of over two hundred years of sovereign debt, banking and inflation crises to explore the question of how long it takes a country to "graduate" from the typical pattern of serial crisis that most emerging markets experience. We find that for default and inflation...

As Africa looks for ways to deepen and accelerate the economic reform process, what lessons can East Asia offer? this book edited by Laura Wallace, records the proceedings of a seminar that involved a dynamic exchange of experiences by policy makers and senior government officials from Africa...