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Publications (9)
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– Food Marketing Policies in Eastern Africa
Food marketing is one of the fields where structural adjustment has been implemented throughout the Sub-Saharan Africa. This study analyses the impact of reform on the functioning and efficiency of food marketing. It is based on a comparative analysis of three maize-producing countries, namely...
Working Paper
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The abundance of private capital flows confronts many emerging-market authorities with a transfer problem. They must decide whether to accept or resist the net capital inflow, or how much to accept and how much to resist. This paper aims at assisting that decision by focusing on the rationale, the...
Working Paper
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This paper analyses in depth the causes of the Mexican peso crisis, so as to learn relevant lessons for similar crisis occurring in other developing or transitional economies. The study follows a relatively chronological order, examining first the apparently golden period, when Mexico was acclaimed...
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This paper analyses the rationale of interventions in foreign exchange markets in Sub- Saharan Africa and reviews exchange rate theory and balance of payments management and its application to African countries. It analyses the liberalization of foreign exchange markets and the impact of these...
Working Paper
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– An Assessment of the Liberalization of Food Marketing in Sub-Saharan Africa
The liberalization of food marketing has been implemented as part of structural adjustment programmes in Sub-Saharan Africa. In this study we assess i) the aims of reform policy, ii) the implementation of specific reform measures, iii) the politics of reform, and iv) the impacts of reform. The study...
Working Paper
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The emergence of a select group of developing countries as destinations for private portfolio investment in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsibilities and capacities public authorities have with regard to managing the...
Working Paper
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– Are There Any Lessons?
We have now witnessed more than half a decade of relatively heavy capital inflows to a large group of highly heterogeneous developing countries and economies in transition in Asia, Eastern Europe, the Former Soviet Union, Latin America, and parts of Africa and the Middle East—in effect, we have...
Working Paper
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This paper discusses the process, problems and impacts of the financial sector reform in Indonesia, particularly since the late 1980s. The reform has encouraged a surge in private sector capital inflows to supplement the already high domestic savings for financial investment and consumption...
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