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The fiscal management of natural resource revenues in a developing country setting (English)

The exhaustibility and volatility of natural resource revenues pose well-known economic challenges, of which those facing oil producers are the most prominent. ... See More +

Brief 73245 APR 01, 2012

Eckardt, Sebastian; Sarsenov, Ilyas; Thomas, Mark Roland

Economic informality : causes, costs, and policies - a literature survey (English)

In this survey the author assemble recent theoretical and empirical advances in the literature on economic informality, analyzing the causes and costs of informality in developed and developing economies. ... See More +

Publication 50360 JUN 01, 2009

Oviedo, Ana Maria; Thomas, Mark R.; Karakurum-Ozdemir, Kamer

The concept of odious debt : some considerations (English)

Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable definition of "odious" debts and there are but few examples where the concept has been invoked in law to justify non-payment of sovereign debts. ... See More +

Policy Research Working Paper WPS4676 JUL 01, 2008

Thomas, Mark; Nehru , Vikram

The concept of odious debt : some considerations (English)

The purpose of this discussion paper is modest: (i) examine the main features of the traditional concept and categories of odious debts, and briefly examine whether a rule allowing the repudiation of odious debts may be said to have emerged in international law (Section II); (ii) consider recent attempts to expand the traditional concept and categories of odious debts, and ask whether they are sufficiently precise to contribute to the solution of the problems they are meant to address (Section III); and (iii) identify ways in which lenders and borrowers can address, or have indeed addressed, the underlying concerns to the concept of odious debts (Section IV). ... See More +

Working Paper 44283 MAY 22, 2008

Nehru, Vikram; Thomas, Mark

Lessons from Europe for economic policy in small states : a focus study on Estonia, Iceland, Luxembourg, and Slovenia (English)

The paper examines performance and policies in Europe's small independent states (Iceland, Luxembourg, Cyprus, Estonia, Slovenia, and Ireland), looking for lessons for other small states and suggesting case studies. ... See More +

Working Paper 44282 MAR 01, 2007

Thomas, Mark Roland; Pang, Gaobo;