The author exposes some of the myths
still surrounding the use of vouchers in mass privatization.
He explains why using vouchers will not affect the price
level in the...
Type: ViewpointReport#: 16708Date: April 30, 1997Author:
Ramachandran, S.
Does the owner of a share of stock in
Mexico have the same rights as one in Germany or India? Is a
creditor in Italy as well protected as one in Switzerland?
Do laws...
Type: ViewpointReport#: 16709Date: April 30, 1997Author:
La Porta,Rafael ;
Lopez-De-Silanes,Florencio ;
Shleifer,Andrei ;
Vishny,Robert
Chile's telecommunications market
is one of the most open and competitive in the world.
Nevertheless, about 10 percent of all Chileans that live in
localities do not...
Type: ViewpointReport#: 16895Date: February 28, 1997Author:
Wellenius,Bjorn
Governments often regulate not only the
overall level of prices charged by infrastructure firms but
also the relationship between prices for different services
or customers....
Type: ViewpointReport#: 16897Date: February 28, 1997Author:
Irwin,Timothy C.
Brazil's electricity sector is made
up of more than sixty-five, mostly vertically integrated,
federally- and state-owned monopolies. The most pressing
problems in the...
Type: ViewpointReport#: 16896Date: February 28, 1997Author:
Estache,Antonio ;
Rodriguez Pardina,Martin Augusto
If privatizing network industries is to
bring lasting public benefits, governments should also
attempt to introduce competition. The scope for such
competition is growing...
Type: ViewpointReport#: 16894Date: January 31, 1997Author:
Klein,Michael ;
Gray,Philip D.
Water has historically been hugely
underpriced in most developing countries. Water systems are
often poorly run. Regulatory frameworks are often lacking,
incomplete,...
Type: ViewpointReport#: 16892Date: January 31, 1997Author:
Brook Cowen, Penelope J.
The author explains the financial and
contractual structure of the main financial instruments
offered by the Bank Group-the International Bank for
Reconstruction and...
Type: ViewpointReport#: 16891Date: January 31, 1997Author:
Benoit,Philippe Charles
The government of Trinidad and Tobago
has adopted a two-phased approach to privatizing its water
services. In the first phase, a preconcession, or enhanced
management...
Type: ViewpointReport#: 16893Date: January 31, 1997Author:
Nankani, Helen
Regulators concerned about the costs of
bank insolvency and of systemic risk arising from the
volatility of bank trading portfolios have developed three
different approaches...
Type: ViewpointReport#: 16887Date: December 31, 1996Author:
Stephanou, Constantinos
Port reforms in Argentina have sought to
deregulate, decentralize, and privatize. And they have
sought to introduce competition not only among ports but
also for the...
Type: ViewpointReport#: 16890Date: December 31, 1996Author:
Estache,Antonio ;
Carbajo,José
Argentina began to concession its
intercity highways and the access roads to Buenos Aires in
the early 1990s. It first offered the intercity highways for
competitive...
Type: ViewpointReport#: 16889Date: December 31, 1996Author:
Estache,Antonio ;
Carbajo,José
The author argues that competition in
domestic telecommunications markets promotes both universal
service and employment in developing countries. Thus,
incumbent monopoly...
Type: ViewpointReport#: 16885Date: October 31, 1996Author:
Petrazzini, Ben A.
While the number of private
infrastructure projects continues to grow, tales of endless
delays and exorbitant development costs still scare both
developers and governments....
Type: ViewpointReport#: 16884Date: October 31, 1996Author:
Klein,Michael U. ;
So,Jae ;
Shin,Ben
New Zealand has adopted a system of
market-based bank regulation to try to reduce moral hazard
and fiscal risk for the government. The system introduces
new elements...
Type: ViewpointReport#: 16883Date: October 31, 1996Author:
Nicholl,Peter William E.
The authors propose a number of
privatization rules to ensure that management will improve
after privatization. Governments should ensure that the
privatized sector...
Type: ViewpointReport#: 16882Date: October 31, 1996Author:
Irwin, Timothy ;
Alexander, Ian
In the early 1990s, Argentina vertically
separated and privatized most of its electricity industry.
Transmission and distribution, considered natural
monopolies, were...
Type: ViewpointReport#: 16881Date: September 30, 1996Author:
Estache,Antonio ;
Rodriguez Pardina,Martin Augusto
Argentina privatized many of its railway
services by concession contract during the early 1990s. The
reforms have been remarkable for their speed and innovation
- despite...
Type: ViewpointReport#: 16877Date: September 30, 1996Author:
Carbajo, Jose ;
Estache, Antonio
The Argentine government privatized the
water and sewerage services in greater Buenos Aires by
concession. The utility was sold as a single monopoly
business, but bidders...
Type: ViewpointReport#: 16880Date: September 30, 1996Author:
Crampes, Claude ;
Estache, Antonio
IFC has built up a hefty portfolio of
debt and equity investments in leasing companies in emerging
markets. Based on IFC's experience, the authors argue
that leasing...
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