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Michael Bruno - Annual World Bank Conference on Development Economics 1996

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title Annual World Bank Conference On Development Economics 1996 author - photo 1

title:Annual World Bank Conference On Development Economics 1996
author:Bruno, Michael.; Pleskovic, Boris.
publisher:World Bank
isbn10 | asin:0821337866
print isbn13:9780821337868
ebook isbn13:9780585279428
language:English
subjectDeveloping countries--Economic conditions--Congresses, Developing countries--Economic policy--Congresses, Development economics--Congresses.
publication date:1996
lcc:HC59.69.W66 1996eb
ddc:330.91724
subject:Developing countries--Economic conditions--Congresses, Developing countries--Economic policy--Congresses, Development economics--Congresses.
Page i
Annual World Bank Conference on Development Economics 1996
Edited by
Michael Bruno and Boris Pleskovic
Annual World Bank Conference on Development Economics 1996 - image 2
Page ii
1997 The International Bank for Reconstruction and Development / THE WORLD BANK
1818 H Street NW, Washington, DC 20433, U.S.A.
All rights reserved. Manufactured in the United States of America.
First printing January 1997
Michael Bruno is senior vice president, Development Economics, and chief economist at the World Bank. Boris Pleskovic is deputy administrator, Research Advisory Staff, at the World Bank.
The Annual World Bank Conference on Development Economics is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that empirical and basic economic research can make to understanding development processes and to formulating sound development policies. Conference papers are written by researchers in and outside the World Bank. The conference series was started in 1989.
Conference papers are reviewed by the editors and are subject to an internal and external peer review process. Summaries are included of floor discussions, which attempt to convey the sense and substance of what was discussed, interventions by participants from the floor, and responses by panelists. These summaries have not been reviewed by the presenters, the discussants, or other participants. Participants' affiliations identified in this volume are as of the time of the conference, April 2526, 1996.
The findings, interpretations, and conclusions expressed in this volume are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Suite 910, 222 Rosewood Drive, Danvers, MA 01923, U.S.A.
Meta de Coquereaumont, Paul Holtz, and Barbara Karni edited this volume. Pat McNees worked on the floor discussion. Mark Bock was responsible for composition and layout, and Wendy Guyette helped with coordination. All are with American Writing Corporation.
Annual World Bank Conference on Development Economics is indexed in Human Resources Abstracts, the Index of Economic Articles, the Index of Social Science and Humanities Proceedings, the Index to International Statistics, the Public Affairs Information Service, Sage Public Administration Abstracts, the Standard Periodical Directory, and Ulrich's International Periodicals Directory and online by ABI/INFORM and DIALOG.
ISSN 1020-4407
ISBN 0-8213-3786-6
Page iii
CONTENTS
Introduction
Michael Bruno and Boris Pleskovic
1
Opening Remarks: The World Bank As a Global Information Clearinghouse
James D. Wolfensohn
9
Keynote Address: The Role of Government in Economic Development
Joseph E. Stiglitz
11
Floor Discussion
24
Banking Failures: Crisis or Opportunity for Reform?
27
Understanding Financial Crises: A Developing Country Perspective
Frederic S. Mishkin
29
Picture 3
Comments
Masahiko Aoki
Edward J. Kane
63
69
Picture 4
Floor Discussion
76
Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?
Gerard Caprio Jr. and Daniela Klingebiel
79
Picture 5
Comments
Donald J. Mathieson
Roberto Zahler
105
108
Picture 6
Floor Discussion
111
Reducing Poverty: Targeted Programs and Rural Finance
115
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