 | The Behavior of Non-Oil Commodity Prices Author/Editor: Eduardo Borensztein, Peter Wickham, Mohsin S Khan, Carmen Reinhart. Release Date:September, 1994 This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors more...
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 | Structural Policies in Developing Countries Author/Editor: Eduardo Borensztein. Release Date:September, 1994 This paper discusses the broad orientation of the economic systems adopted in developing countries. While government-led development strategies were widely followed by developing countries since the more...
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 | How Does Foreign Direct Investment Affect Economic Growth Author/Editor: Jong-Wha Lee, Jose De Gregorio, Eduardo Borensztein. Release Date:September, 1994 We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over more...
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 | Economic Reform and Structural Adjustment in East European Industry Author/Editor: Eduardo Borensztein, Jonathan David Ostry. Release Date:June, 1994 A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the more...
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 | The Macroeconomic Determinants of Commodity Prices Author/Editor: Eduardo Borensztein, Carmen Reinhart. Release Date:January, 1994 The “traditional structural approach” to the determination of real commodity prices has relied exclusively on demand factors as the fundamentals that explain the behavior of more...
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 | The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe : Lessons and Challenges Author/Editor: Eduardo Borensztein. Release Date:March, 1993 This paper analyzes some of the lessons that can be drawn from the experience of Eastern Europe in the process of transition to a market economy that is under way, and examines some key challenges more...
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 | Financial Sector Reforms and Exchange Arrangements in Eastern Europe Author/Editor: Guillermo Calvo, Eduardo Borensztein, Paul R Masson, Manmohan S Kumar. Release Date:February, 1993 The two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. The first paper describes the financial sector more...
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 | Structural and Macroeconomic Determinants of the Output Decline in Poland : 1990-91 Author/Editor: Jonathan David Ostry, Eduardo Borensztein. Release Date:October, 1992 This paper addresses two questions relating to the output decline in Poland since the initiation of market-oriented reforms at the beginning of 1990. First, to what extent is the decline in output a more...
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 | The Output Decline in the Aftermath of Reform : The Cases of Bulgaria, Czechoslovakia, and Romania Author/Editor: Jonathan David Ostry, Eduardo Borensztein, Dimitri G Demekas. Release Date:July, 1992 This paper analyzes the declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic (CSFR), and Romania in the period since the initiation of market-oriented reforms more...
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 | Stabilization and Structural Reform in the Czech and Slovak Federal Republic : First Stage Author/Editor: Bijan B Aghevli, Eduardo Borensztein, Tessa Van der Willigen. Release Date:March, 1992 On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the more...
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