Recent Discussion Papers

Macroeconomic Management Amid Ethnic Diversity: Fifty Years of Malaysian Experience
Author: Jayant Menon

This paper examines the role that macroeconomic policy management has played in the Malaysian development experience. Macroeconomic policy has not only been about economic stabilization, but also about addressing income disparities along racial lines in order to preserve social harmony.

Read Discussion Paper 102.

Managing Capital Flows: Experiences from Central and Eastern Europe
Authors: Jürgen von Hagen, Iulia Siedschlag

This paper discusses the experience of Central and Eastern European countries with capital account liberalization and coping with large capital inflows. Policy implications for emerging Asian economies are drawn out of the analysis.

Read Discussion Paper 103.

Microfinance and the Millennium Development Goals in Pakistan: Impact Assessment using Propensity Score Matching
Authors: Sununtar Setboonsarng, Ziyodullo Parpiev

Revisiting the data from a 2005 survey of clients of a microfinance bank, this study found that despite the Khushhali Bank’s strict poverty-targeting program used in client selection and despite the survey’s design to address the selectivity bias, the selectivity bias still existed in the sampled households.

Read Discussion Paper 104.