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The author explores the role of governance mechanisms as a means of reducing financial fragility. First, he develops a simple theoretical general-equilibrium model in whi[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The au[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world. However, recent resear[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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Over the past 15 years, long-term interest rates have declined to levels not seen since the 1970s. This paper explores possible shifts in global savings and investment th[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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