Structural reforms and economic performance in advanced and developing countries /

Structural reforms and economic performance in advanced and developing countries /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2009.
Description:	1 online resource (v, 53 pages) : color illustrations
Language:	English
Series:	Occasional paper ; 268 Occasional paper (International Monetary Fund) ; no. 268.
Subject:	Structural adjustment (Economic policy) -- Developing countries. Economic history. Economic policy. Structural adjustment (Economic policy) Developing countries -- Economic policy. Developing countries -- Economic conditions. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506901

Hidden Bibliographic Details
Other authors / contributors:	Ostry, Jonathan David, 1962- Prati, Alessandro, 1961- Spilimbergo, Antonio. International Monetary Fund.
ISBN:	1451987161 9781451987164 9781589068186 1589068181
Notes:	Includes bibliographical references (pages 48-51). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2017. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2017 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This volume examines the impact on economic performance of structural policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.--Publisher's description.
Other form:	Print version: Structural reforms and economic performance in advanced and developing countries. Washington, D.C. : International Monetary Fund, 2009

Description
Summary:	This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Physical Description:	1 online resource (v, 53 pages) : color illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 48-51).
ISBN:	1451987161 9781451987164 9781589068186 1589068181