Stuck in Transition
Berglof, Erik. The G-8 recently asked the European Bank for Reconstruction and Development, which was created to support the post-communist transitions to democracy and market economies in Central and Eastern Europe, to put its experience to use in Egypt. But which lessons from the Eastern European transition experience are relevant for countries in North Africa […]
Economic Adjustment Programme for Ireland – Spring 2011 Review
This paper reports on the joint EC-ECB-IMF review of policy conditionality under EU/IMF financial assistance programme to Ireland up to end-March 2011. It also incorporates in an annex the updated programme documents, endorsed by the ECOFIN on 17 May 2011 and the IMF Executive Board on 16 May 2011. The economy is rebalancing away from […]
More Inflation or More Revaluation
Lora, Eduardo & Powell, Andrew. In the wake of the international price shock, Latin American economies are between a rock and a hard place. In January of this year, international food prices surpassed the mid-2008 peak with similar consequences: popular revolts in undemocratic countries, and many speeches but few concrete actions in developed countries. In Latin […]