Author/Editor: Jeronimo Zettelmeyer, Beatrice Weder, Christoph Klingen.

Release Date:January, 2004

We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on World Bank data. From 1970-2000, returns averaged 9 percent per annum, about the more...

Author/Editor: Beatrice Weder.

Release Date:August, 2001

This paper examines how institutional conditions in transition economies compare with those in the rest of the world using various indicators of governance. The focus is on the countries in Central more...

Author/Editor: Beatrice Weder, Peter Cornelius.

Release Date:March, 1996

A transition from a centrally planned to a market economy implies a massive reallocation of resources requiring realignments in relative prices, which may have important distributional effects. This more...