Volume 7, Number 3-4, March-April 1996

• China's Transition Experience, Reexamined
• Latvian Banking Crisis: Stakes and Mistakes—The fall of Baltija Bank is an a omen—to avoid tremors in their financial sectors, transition economies should tighten bank supervision, warn Alex Fleming and Samuel Talley.
• Using World Bank Credit Lines Alex Fleming reports on an innovative method —used in the Baltics—to recapitalize banks.
• How to Tender in Bosnia Our compilation includes an interview with Procurement Coordinator Naushad Khan; a look at the specifics of reconstruction procurement; and a basic primer on World Bank procurement procedures.
• Purchasing Power Parities
• Letter to the Editor—Russian Economic Crime: The Flip Side
  Leonid Grigoriev and Gregory Kisunko respond to Michael Gray and Aleksandr Zhilin.
• Book of the Month—Leszek Balcerowicz: Socialism, Capitalism, Transformation Reviewed by Martin Schrenk
• Quotation of the Month: "We Will Regulate Foreign-controlled Enterprises." If Zyuganov wins..—a leading Communist outlines a scenario for Russia.
• Milestones of Transition
• World Bank/IMF Agenda
• Conference Diary
• New Books and Working Papers
• Bibliography of Selected Articles