Preliminary -- Contributors -- 1. China: New engine of world growth -- 2. The impact of SARS -- 3. The travails of current macroeconomic and exchange rate management -- 4. The changing pattern of economic growth -- 5. Transforming the banking sector -- 6. Financial opening and economic growth: A...

25 years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. China is emerging as the new powerhouse for the world economy. This book discusses the impact and significance of this transformation, presenting conclusions...

This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents...