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Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia

Author/Editor: Norbert Funke, Asel Isakova, Maksym Ivanyna.

Release Date:March, 2017

Using data from the World Economic Forum’s Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia more...



Price: $18.00
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis

Author/Editor: Shamsuddin Tareq, Andrew Berg, Victor Duarte Lledo, Antonio Spilimbergo, Rolando Ossowski, Irene Yackovlev, Norbert Funke, Alejandro Hajdenberg, Martin Schindler.

Release Date:May, 2009



Price: $10.00
Terms of Trade Shocks and Economic Recovery

Author/Editor: Patrick A Imam, Eleonara Granziera, Norbert Funke.

Release Date:February, 2008

This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that more...



Price: $18.00
Lessons From High Inflation Epidsodes for Stabilizing the Economy in Zimbabwe

Author/Editor: Jens R Clausen, Sharmini Coorey, Bakar Ould-Abdallah, Sònia Muñoz, Norbert Funke.

Release Date:April, 2007

Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007). The high rates of inflation have contributed to the contraction of the economy, more...



Price: $18.00
The Composition of Capital Flows : Is South Africa Different?

Author/Editor: Norbert Funke, Faisal Ahmed, Rabah Arezki.

Release Date:March, 2005

Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is more...



Price: $15.00
The New Partnership for Africa's Development (NEPAD) Opportunities and Challenges

Author/Editor: Saleh M Nsouli, Norbert Funke.

Release Date:April, 2003

This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development (NEPAD). Using a simple framework for evaluation, the analysis highlights more...



Price: $15.00
Stock Market Developments and Private Consumer Spending in Emerging Markets

Author/Editor: Norbert Funke.

Release Date:December, 2002

Using a panel of 16 emerging markets, the paper finds a small but statistically significant effect of stock market developments on private consumption spending. In the short run, a 10 percent decline more...



Price: $15.00
Macroeconomic News and Stock Returns in the United States and Germany

Author/Editor: Norbert Funke, Akimi Matsuda.

Release Date:December, 2002

Using daily data for the January 1997 to June 2002 period, we analyze the impact of a broad set of macroeconomic news on stock prices in the United States and Germany. With GARCH specifications we more...



Price: $15.00
The Speed of Adjustment and the Sequencing of Economic Reforms : Issues and Guidelines for Policymakers

Author/Editor: Saleh M Nsouli, Mounir Rached, Norbert Funke.

Release Date:August, 2002

This paper reviews the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, focusing on considerations relevant to policymakers. It points out more...



Price: $15.00
Stock Market Liberalizations : Financial and Macroeconomic Implications

Author/Editor: Norbert Funke, Nicola Fuchs-Schündeln.

Release Date:December, 2001

Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase more...



Price: $15.00