This Occasional Paper discusses the policies behind the favorable economic performance of the Philippines during the 1990s, when it emerged from a long period of slow growth and economic imbalances and managed to escape the ""Asian crisis"" relatively unscathed. The Philippines' recent...

China's economic performance hs been remarkable since the the reform process began 15 years ago. Notwithstanding the achievements that have been made, a number of serious problems remain. This papers discusses the current reform program and the effors being made to overcome the structural...

This paper charts Tunisia's transformation from an inward-looking, heavily regulated economy into a predominantly market- and export-oriented one. The paper highlights some of the major challenges facing the country and draws lessons from Tunisia's experience that can be useful for other countries

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The study’s conclusions are the basis of an ongoing policy dialogue with IMF member...