The paper uses a computable general equilibrium model to analyze the growth path of the Chilean economy. During the period 1977-1981 a package of reforms liberalized international trade and removed restrictive labour legislation. As a result of the reforms, the economy enjoyed unprecedented...

The authors use the financial statements of industrial enterprises to develop an integrated firm's eye view of the changes in the Uruguayan economy during 1973-81. In the first of three subperiods, 1973-75, real financial costs were very negative. During 1976-78, the dismantling of interest rate...

The authors evaluate Uruguay's reforms emphasizing the outcome of financial attempts to bring down inflation. They demonstrate that domestic interest rate deregulation and the removal of prohibition towards holding dollar-denominated assets led to a rise in the ratio of financial assets in GDP....

In 1973, after a military takeover, Uruguayan authorities rapidly began liberalizing their economy's tightly regulated financial system. After briefly reviewing the impact of these reforms on financial asset holdings and on the availability of liquidity to the private sector, the paper examines...

To become operational, the African Continental Free Trade Area (AfCFTA) must harmonize Rules of Origin (ROO) across Africa's Preferential Trade Agreements (PTAs) along two dimensions: regime-wide rules and product-specific rules. This paper describes and evaluates these ROO across the major...

African countries are negotiating the African Continental Free Trade Area with the aim to spearhead global value chain (GVC) trade among African countries as a driver for robust economic growth. This paper evaluates the participation of Sub-Saharan African Regional Economic Communities (RECs) in...