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Georgia - Adjusting in the face of uncertainty (English)

Economic growth picked up in the final quarter of 2013 as policy uncertainty was reduced, confidence strengthened, and budget execution substantially increased. ... See More +

Working Paper (Numbered Series) 87915 MAR 01, 2014

Tan, Congyan; Dolidze, Mariam; Prasad, Mona; Shankar, Rashmi; Izvorski, Ivailo V.

Getting the most out of free trade agreements in Central America (English)

Peace came accompanied not only by the end to the human drama associated with the conflicts, but also by a significant economic dividend, a much needed development in a region where per capita gross domestic product (GDP) had stagnated between 1970 and 1990 and where two countries (El Salvador and Nicaragua) had been experiencing negative average growth rates for more than two decades. ... See More +

Publication 63261 JUN 21, 2011

Lopez, J. Humberto; Shankar, Rashmi

Are commodity prices more volatile now ? a long-run perspective (English)

Soaring commodity prices in 2007 and 2008 raised concerns that volatility was also rising, which would have implications for welfare and therefore for the design of public policy interventions. ... See More +

Policy Research Working Paper WPS5460 OCT 01, 2010

Calvo-Gonzalez, Oscar; Shankar, Rashmi; Trezzi, Riccardo

Regime-switching in exchange rate policy and balance sheet effects (English)

The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan, assumed to be a quot;benchmarkquot; floater. ... See More +

Policy Research Working Paper WPS3653 JUL 01, 2005

Fiess, Norbert; Shankar, Rashmi

Insurance and liquidity : panel evidence (English)

The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. ... See More +

Policy Research Working Paper WPS3648 JUN 01, 2005

Shankar, Rashmi

The dynamics of foreign bank ownership - evidence from Hungary (English)

The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available for any other transition economy. ... See More +

Policy Research Working Paper WPS3114 AUG 31, 2003

Majnoni, Giovanni; Shankar, Rashmi; Varhegyi, Eva

Distinguishing between observationally equivalent theories of crises (English)

The objective of this paper is to empirically test across alternative, apparently observationally equivalent theories of currency crises. ... See More +

Policy Research Working Paper WPS2926 NOV 30, 2002

Shankar, Rashmi

The World Bank economic review 14 (3) (English)

Saving in developing countries: an overview by Norman Loayza, Klaus Schmidt-Hebbel, and Luis Serven. Can Africaapos;s saving collapse be reversed? ... See More +

Publication 21716 SEP 30, 2000

Loayza, Norman; Schmidt-Hebbel, Klaus; Serven, Luis; Elbadawi, Ibrahim A.; Mwega, Francis M.; Denizer, Cevdet; Wolf, Holger C.; Montiel, Peter J.; Rodrik, Dani; Aron, Janine; Muellbauer, John; Kraay, Aart; Shankar, Rashmi; Beck, Thorsten; Demirguc-Kunt, Aslapos;; Levine, Ross

Private saving in India (English)

This article studies the evolution of the private saving rate in India during 1960-9S. Its distinctive feature is that it proposes three new measures of private saving, which are incremental improvements to the (naive) national accounts measure. ... See More +

Journal Article 77331 SEP 01, 2000

Loayza, Norman; Shankar, Rashmi