Purpose – The purpose of this article is to share with executives, public policy makers, and
securities analysts some key behavior constraints on transparency seldom addressed in the …

This is the second of two articles on the Bank's financial operations. It covers the Bank's
lending policies, the credit-, worthiness of borrowers, project appraisal, and the role of the …

The expression" hot issue" is Wall Street's colloquialism to describe a recent and dramatic
development in the securities market. The term refers to those securities which, immediately …

HAPTER VII of the Report of Special Study of Securities Markets of the Securities and
Exchange Commission'focused attention upon the little understood and often perplexing prob-…

The subject matter of this conference is ambitious in the sense that it deals with the future of
the international monetary system and its institutions. It would be almost equally ambitious if …

© International Monetary Fund. Not for Redistribution line of prudence is to have much more
liquid resources than it currently needs which can be drawn down when market conditions …

The World Bank, formally known as the International Bank for Reconstruction and Development,
is an international organization, owned and controlled by governments that constitute its …

PETER ALBIN, Ph. D Princeton University; Professor of Economics, John Jay College and
Graduate Center, CUNY. He has taught at the University of California-Berkeley, was a faculty …

I will begin by making some general comments about the experience of the World Bank with
respect to some of our policies concerning foreign exchange risk and liquidity management. …

The World Bank, formally known as the International Bank for Reconstruction and Development,
is an international organization, owned and controlled by governments that constitute its …