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East Asia and the Pacific confronts the "new normal" (English)

Developing East Asia is leading the global economic recovery, although performance varies across the region. In some countries, the monetary stance is already being tightened in light of emerging inflationary pressures; but it is premature to withdraw the fiscal stimulus until the global recovery is on a firmer footing. ... See More +

Brief 55945 JUL 01, 2010

Nehru, Vikram Disclosed

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

Nehru , Vikram; Thomas, Mark Disclosed

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 Disclosed

When is external debt sustainable? (English)

The article empirically examines the determinants of debt distress, defined as periods in which countries resort to any of three forms of exceptional finance: significant arrears on external debt, Paris Club rescheduling, and non-concessional International Monetary Fund lending. ... See More +

Journal Article 77527 SEP 01, 2006

Kraay, Aart; Nehru, Vikram Disclosed

The World Bank economic review 20 (3) (English)

The primacy of institutions reconsidered: direct income effects of malaria prevalence by Kai Carstensen, and Erich Gundlacb; when is external debt sustainable? ... See More +

Publication 43617 JAN 01, 2006

Carstensen, Kai; Gundlacb, Erich; Kraay, Aart; Nehru, Vikram; Kurukulasuriya, Pradeep; Mendelsohn, Robert; Hassan, Rashid; Benbin, James; Deressa, Temesgen; Diop, Mbaye; amed Eid, Helmy; Fosu, K. Yerfi; Gbetibouo, Glwadys; Jain, Suman; Mabamadou, Ali; Mano, Rennetb; Kabubo-Mariara, Jane; El-Marsafawy, Samia; Molua, Ernest; Ouda, Samiha; Ouedraogo, Matbieu; Sine, Isidor; Maddison, David; Seo, S. Niggol; Dinar, Ariel; Fajnzylber, Pablo; Maloney, William; Rojas, Gabriel Montes; Stifel, David; Alderman, Harold; Larson, Donald F; Leon, Mauricio Disclosed

When is external debt sustainable? (English)

This paper examines the determinants of "debt distress," which they define as periods in which countries resort to exceptional finance in any of three forms: (1) significant arrears on external debt, (2) Paris Club rescheduling, and (3) nonconcessional International Monetary Fund lending. ... See More +

Policy Research Working Paper WPS3200 FEB 01, 2004

Kraay, Aart; Nehru, Vikram

Indonesia economic and social update (English)

Amid slowing world trade and regional growth, the Megawati administration has inherited a fragile economy. Financial markets gave the new team a strong vote of confidence but the honeymoon will be short. ... See More +

Brief 51205 OCT 01, 2001

Adriani, Magda; Hofman, Bert; Ishihara, Yoichiro; Nehru, Vikram; Pomeroy, Jacqueline; Pradhan, Menno Prasad Disclosed

China 2020 : development challenges in the new century (English)

For China, swift growth and structural change, while resolving many problems, have created new challenges: employment insecurity, growing inequality, stubborn poverty, mounting environmental pressures, and periods of macroeconomic instability stemming from incomplete reforms. ... See More +

Publication 17087 SEP 30, 1997

Nehru, Vikram; Kraay, Aart; Xiaoqing Yu Chinese

China 2020 : development challenges in the new century (Chinese)

For China, swift growth and structural change, while resolving many problems, have created new challenges: employment insecurity, growing inequality, stubborn poverty, mounting environmental pressures, and periods of macroeconomic instability stemming from incomplete reforms. ... See More +

Publication 17087 SEP 30, 1997

Nehru, Vikram; Kraay, Aart; Xiaoqing Yu English

New estimates of total factor productivity growth for developing and industrial countries (English)

The authors present new estimates of long-term total factor productivity (TFP) growth for 83 industrial and developing countries for 1960-87. These estimates are based on new data developed for the research project on total factor productivity growth (and available on diskette). ... See More +

Policy Research Working Paper WPS1313 JUN 30, 1994

Nehru, Vikram; Dhareshwar, Ashok; DEC

A new database on human capital stock : sources, methodology and results (English)

The authors describe the techniques and data adopted for the construction of a new series of estimates of the stock of education in 85 countries over 28 years (1960-87). ... See More +

Policy Research Working Paper WPS1124 APR 30, 1993

Nehru, Vikram; Swanson, Eric; Dubey, Ashutosh

How international economic links affect East Asia (English)

The author applies the theme of the last two papers in the Global Economic Prospects series, written by the International Economics Department, to the case of one developing region: East Asia. ... See More +

Policy Research Working Paper WPS1127 APR 30, 1993

Nehru, Vikram