IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insufficient monitoring and inadequate prudential regulations, left the financial sectors of the affected countries highly leveraged and exposed. This paper examines the impacts of similar reforms on t...

I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role played by current account and fiscal imbalances, contagion, international reserves holdings, and the exch...

this study aims to study the effect of elimination of government intervention and liberalizationin meat market in rural area in iran on consumer welfare with time series data for 1981-2007.an alternative partial equilibrium model was developed to examine the welfare effect of meattrade liberalization. result show that on producer side, government budget (subsidy onproduction), foreign exchange ...

hearing loss (hl) is the most common communication disorder affecting about 1/1000 births worldwide caused by environmental or genetic factors. about 30-50% is attributed to genetic factors and till now more than 85 genes have been implicated in non-syndromic hl. in iran, hl is second to intellectual disability as the most common disability, affecting 1 of every 166 persons. about 15 years ago ...

systematic and widespread corruption; a problem in russia’s transition period russia is among those countries that are grappled with widespread and systematic corruption in state organizations. meanwhile, different russian governments have failed to reduce the scope of corruption. this article studies nature, roots and repercussions of corruption and analyzes approaches to combat it in russia. ...

Using a new dataset of 369 manufacturing firms in developing countries, we present the first firm-level analysis of capital account liberalization and investment. In the three-year period following liberalizations, the growth rate of the typical firm’s capital stock exceeds its preliberalization mean by an average of 4.1 to 5.4 percentage points per year. We use a simple model of Tobin’s q to d...

This paper investigates the role of structural reforms – privatization, financial reform and trade liberalization– as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main finding is a strong empirical relationship from reforms to FDI, in particular, from financial liberalizati...

Morocco is about to start implementing an Association Agreement with the European Union (AAEU) at the same time as the country adjusts its trade policies to conform to WTO rules. A major policy question facing Morocco's policy makers is whether and to what extent they should pursue additional unilateral trade liberalization. Given that Morocco's agriculture currently enjoys substantial protecti...