It is widely accepted that fiscal deficits financed by money creation are inherently inflationary. In addition, the stylized facts show that all hyperinflations were accompanied by large budget deficits....
Type: Departmental Working PaperReport#: DRD182Date: September 1, 1986Author:
Kiguel,Miguel Alberto
It has been argued that the Islamic prohibition against an ex ante fixed rate of return on borrowed money will lead to an increase in uncertainty that may reduce savings. In this paper, a model is presented,...
Type: Departmental Working PaperReport#: DRD184Date: September 1, 1986Author:
Haque,Nadeem Ul ;
Mirakhor, Abbas
The developing countries belonging to GATT and eligible to participate in the upcoming negotiations are a heterogeneous group. This paper examines the various issues facing developing countries in the...
Type: Working Paper (Numbered Series)Report#: AGP126Date: September 1, 1986Author:
Fitchett,Delbert A.
High marginal income tax rates can distort the incentive to work and invest, and encourage tax evasion. These incentive effects cannot be appropriately summarized from income tax records when substantial...
Type: Departmental Working PaperReport#: DRD187Date: September 1, 1986Author:
Virmani,Arvind
This paper analyzes how housing demand can be incorporated into a planning model which compares the costs of alternative housing project designs. It discusses a bid-rent framework whereby willingness-to-pay...
Type: Departmental Working PaperReport#: UDD103Date: August 31, 1986Author:
Gross,David J.
In an attempt to counter the problem of lower productivity on farms cultivated by squatters, Thailand has started issuing certificates to squatters awarding them usufruct rights. The rationale behind...
Type: Working Paper (Numbered Series)Report#: ARU55Date: August 31, 1986Author:
Feder,Gershon ;
Onchan,Tongroj ;
Chalamwong, Yongyuth
This paper provides an important step toward identifying areas where official aid flows could be most effectively used to alleviate urbanization pressures in the developing world. It begins by describing...
Type: Departmental Working PaperReport#: UDD100Date: August 31, 1986Author:
Hewitt, Eleanor V
Having successfully weathered the structural problems of the 1979-81 period, Korea has begun far-sighted programs of reform which it hopes will facilitate the industrial transition needed to push it towards...
Type: Pre-2003 Economic or Sector ReportReport#: 6138Date: July 31, 1986
The Government of Indonesia, projecting reduced revenues from petroleum exports, has adopted a goal of increasing its nonoil exports and is seeking policy measures in pursuit of that goal. While expanded...
Type: Departmental Working PaperReport#: CPD8622Date: July 31, 1986Author:
Fitzgerald,Bruce
There are substantial opportunities in the developing world to capture scale and agglomeration economies in the design and lay-out of major infrastructure investments through international cooperation...
Type: Journal ArticleReport#: REP407Date: July 31, 1986Author:
Schramm,Gunter
Standard explanations of hyperinflation have focused on the impact of a rapid expansion of the money supply required to finance a given real fiscal deficit. There are, however, a continuum of initial...
Type: Departmental Working PaperReport#: CPD8635Date: July 31, 1986Author:
Kharas, Homi ;
Pinto, Brian
Distortive effects of government intervention, especially in international trade, have received considerable attention. But not much literature exists on similar effects of public policies toward education....
Type: Journal ArticleReport#: REP398Date: July 31, 1986Author:
Psacharopoulos,George
This report reviews and synthesizes available evidence about adolescent fertility in sub - Saharan Africa. Recent studies, primarily from West Africa, suggest relatively high levels of sexual activity,...
Type: Working Paper (Numbered Series)Report#: PHN8623Date: July 31, 1986Author:
Cherlin, Andrew ;
Riley, Nancy E.
In July 1986, Warren C. Baum was interviewed on behalf of the World Bank Group Archives oral history program by Robert W. Oliver. Mr. Baum earned a PhD in economics from Harvard University, and he joined...
This press release dated July 22, 1986, announces, the President of the World Bank, Mr. Barber Conable, welcomed the program of structural reforms by the Government of Mexico. This program of structural...
Type: AnnouncementReport#: 152177Date: July 22, 1986
This report reviews the initial transformation of the economy during the 1977-80 period, examines the major results of the 1981-85 Development Plan in terms of investment, resource mobilization and growth,...
Type: Country Economic MemorandumReport#: 6070Date: July 15, 1986
The International Finance Corporation (IFC) and two foreign financial institutions will help finance a major expansion and modernization of Bajaj Tempo Limited, one of the largest manufacturers of light...
Type: AnnouncementReport#: 157159Date: July 11, 1986
The efficiency of equipment management and usage is very low in many parts of the developing world. This is typically manifested in low equipment availability and utilization, causing severe economic losses....
Type: Working Paper (Numbered Series)Report#: TRP2Date: July 1, 1986Author:
Harral, Clell G ;
Eaton, James W
This paper is written as an input to the forthcoming Philippines economic report. It analyzes the causes of the present crisis in the Philippines financial sector and proposes corrective measures. It...
Type: Departmental Working PaperReport#: CPD8633Date: June 30, 1986Author:
Ghanem,Hafez
Although tax systems of developing countries in an early stage of development tend to generate revenues from international trade transactions and production processes, this paper explores some issues for...
Type: Departmental Working PaperReport#: CPD8634Date: June 30, 1986Author:
Shalizi, Zmarak ;
Squire, Lyn
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