Author/Editor: Edda Zoli, Danyang Xie, Reza Vaez-Zadeh.

Release Date:December, 2002

This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme more...

Author/Editor: Danyang Xie, Ping Wang.

Release Date:January, 2002

This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, more...

Author/Editor: Sergio Rebelo, Piyabha Kongsamut, Danyang Xie.

Release Date:June, 2001

Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of more...