Author/Editor: Mauricio Villafuerte, Cemile Sancak, Jan Gottschalk, S. M. Ali Abbas, Olivier Basdevant, Ricardo Velloso, Fuad Hasanov, Greetje Everaert, Stephanie Eble, Junhyung Park.

Release Date:September, 2010

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary more...

Author/Editor: Cemile Sancak, Jing Xing, Ricardo Velloso.

Release Date:March, 2010

This paper examines tax revenue during the business cycle by estimating the relationship between tax revenue efficiency and the output gap. We find a positive and significant relationship between more...

Author/Editor: Laura Jaramillo, Cemile Sancak.

Release Date:March, 2007

The Dominican Republic and Haiti share the island of Hispaniola and are broadly similar in terms of geography and historical institutions, yet their growth performance has diverged remarkably. The more...

Author/Editor: Cemile Sancak.

Release Date:June, 2002

There is increasing emphasis on the importance of efficient financial markets for sustained real investment and economic growth, yet limited empirical research on the effects of the deregulation of more...