The Annual World Bank Conference on Development Economics provides a forum for debate and the exchange of ideas and information between World Bank staff and development researchers and practitioners from...
In the transition from a command, to a market economy, poorly defined property rights cause two problems: inefficient structures of control rights over assets, and, poor contract enforcement. The note...
The quality of an economy's contract laws, and enforcement efforts can be inferred indirectly from the evidence on contracting. The note examines the apparent defects in laws, and constitutions, which...
New democracies that inherit a financial crisis, are especially susceptible to a complete hyper-inflationary collapse. This note examines Russia's struggle with stabilization, currently in a deep state...
The note deliberates on the advantages of political breakthroughs to achieve stabilization, analyzing three elements of economic transition: macroeconomic stabilization; liberalization of prices, and markets;...