MARC Record from Library of Congress

LEADER: 02791cam a22004214a 4500
001 2010279188
003 DLC
005 20100624093426.0
008 100517s2009 dcua b i000 0 eng c
010 $a 2010279188
020 $a9781589068186 (pbk.)
020 $a1589068181 (pbk.)
035 $a(OCoLC)ocn443102310
040 $aYUS$cSTF$dYUS$dCOD$dYDXCP$dGBVCP$dDLC
042 $apcc
043 $ad------
050 00 $aHC59.7$b.S8738 2009
082 00 $a338.9$222
245 00 $aStructural reforms and economic performance in advanced and developing countries /$cJonathan D. Ostry, Alessandro Prati, and Antonio Spilimbergo.
260 $aWashington, D.C. :$bInternational Monetary Fund,$c2009.
300 $av, 53 p. :$bcol. ill. ;$c28 cm.
490 1 $aOccasional paper ;$v268
520 $aThis volume examines the impact on economic performance of structural policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.--Publisher's description.
504 $aIncludes bibliographical references (p. 48-51).
650 0 $aStructural adjustment (Economic policy)$zDeveloping countries.
651 0 $aDeveloping countries$xEconomic policy.
651 0 $aDeveloping countries$xEconomic conditions.
650 7 $aWirtschaftliche Anpassung$2stw
650 7 $aWirtschaftswachstum$2stw
650 7 $aFinanzsektor$2stw
650 7 $aIndustriestaaten$2stw
650 7 $aEntwicklungsländer$2stw
700 1 $aOstry, Jonathan David,$d1962-
700 1 $aPrati, Alessandro,$d1961-
700 1 $aSpilimbergo, Antonio.
710 2 $aInternational Monetary Fund.
830 0 $aOccasional paper (International Monetary Fund) ;$vno. 268.
830 0 $aOccasional paper ;$v268.