Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based...

The polemic about the proper role of monetary policies and the appropriate functions of central banks has received renewed stimulus from a number of very current events. In Europe, the creation of a supranational central bank has been realized. In the United States and other industrial as well...

This paper presents results from four simulations of the impact of potential tax reforms in Pakistan on poverty, shared prosperity, and inequality. The simulations are carried out in the context of a dynamic computational general equilibrium model that incorporates endogenous tax evasion. The...