Papers by Volker Treichel
With the steady increase of crude oil production and the surge in oil prices in the mid- and late... more With the steady increase of crude oil production and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Today Oman boasts impressive physical infrastructure, much improved socioeconomic conditions, and a high standard of living. The purpose of this background study is to contribute to a better understanding of developments in the Omani economy since 1980 and of the policy challenges the government faces in the medium term. The study focuses on some central aspects of Oman's economic experience, including the potential structural impediments to growth.
INTERNATIONAL MONETARY FUND, Nov 24, 1999
VI Scope for Monetary Policy Independence in Oman Khaled Sakr As part of its effort to facilitate... more VI Scope for Monetary Policy Independence in Oman Khaled Sakr As part of its effort to facilitate diversification and enhance resource allocation, the govern-ment ... These distortions af-fected the way the interest rate behaved so that it did not track the interest rate on the dollar. ...
Available from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-24105 ... more Available from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-24105 Kiel C 174108 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekSIGLEDEGerman
bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su r... more bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Produced by the Research Support Team
developments were characterized by high growth rates, while inflation fell to single digits and e... more developments were characterized by high growth rates, while inflation fell to single digits and external imbalances were reduced sharply.7 This positive macroeconomic performance reflected in large part the wholesale dismantling of controls, an early privatization of agriculture, retail trade and small- and medium-sized enterprises, and improved financial discipline at the budgetary and state enterprise levels. 2. In 1996, however, macroeconomic policies weakened significantly, as the domestically financed deficit increased by over 4 percentage points, to almost 11 percent of GDP, and inflation tripled to over 17 percent. A key factor behind this deterioration was a dramatic 7 The quality of available data makes it difficult to be certain of macroeconomic developments in Albania. Nonetheless, Albania's strong growth performance in the early transition years is suggested also by a number of proxy indicators in particular in the agricultural area and the services sector. For a mo...
This volume is a product of the staff of the International Bank for Reconstruction and Developmen... more This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and / or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development / The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly.
Los países en desarrollo, sobre todo en Asia, se benefician de un espectacular aumento de la inve... more Los países en desarrollo, sobre todo en Asia, se benefician de un espectacular aumento de la inversión extranjera directa.
... of a" parallel" market in 1989 permitted separate daily trading of shares o... more ... of a" parallel" market in 1989 permitted separate daily trading of shares of newly established, unregistered companies; the vol-ume of activity ... Khan, Mohsin S., and V. Sundararajan, 1991," Financial Sector Reforms and Monetary Policy," IMF Working Paper 91/129 (Washington ...
Contents: Microeconomics of money - Money supply and money demand theory - Operating regime of th... more Contents: Microeconomics of money - Money supply and money demand theory - Operating regime of the Bundesbank - Base regime - Buffer stock approach - Divisia aggregation - Stability of the demand for money.
Na ultima decada, o Marrocos e a Tunisia empenharam-se a fundo na reforma de seus sistemas financ... more Na ultima decada, o Marrocos e a Tunisia empenharam-se a fundo na reforma de seus sistemas financeiros. Quais os seus avancos e o que resta ainda a ser feito para garantir que seus setores financeiros mobilizem e aloquem eficientemente a poupanca?
A small landlocked economy in the heart of West Africa’s French-speaking Sahel, Burkina Faso is c... more A small landlocked economy in the heart of West Africa’s French-speaking Sahel, Burkina Faso is characterized by its modest economic size, with a rapid population growth, with one of the highest per capita birth rates in the world. Burkina Faso needs to create 300,000 jobs annually to match its demographic growth, while about ninety percent of its workers are in the informal sector. Despite sustained robust economic growth over the past two decades driven by cotton and gold exports, private investment is low. Compounding the considerable development challenges that it faces, Burkina Faso is currently confronted by acute security and climatic threats, together with emerging fiscal risks. This country private sector diagnostic (CPSD) therefore investigates whether opportunities exist for the private sector to contribute more substantially to Burkina Faso’s development. The CPSD proposes a platform for action aimed at boosting Burkina Faso’s development through greater private sector i...
I am grateful for the opportunity to comment on this paper discussing industrial policy and Brazi... more I am grateful for the opportunity to comment on this paper discussing industrial policy and Brazil’s economic development. Over the past ten years, Brazil has made remarkable progress in achieving macroeconomic stability and high growth, while at the same time markedly reducing poverty. Indeed, over the period 2004–10 growth more than doubled to over 4.2 percent (from about 1.9 percent during the period 1996–2003), while inflation fell sharply from a peak of 15 percent in 2003 to an average of 3 to 5 percent during 2004–10. Most remarkably, poverty declined from 35 percent in 2000 to 22 percent in 2009. The paper draws appropriate attention to the role that industrial policy has played in fostering growth and to the need for sound principles of implementation to effect the expected results.
Policy Research Working Papers, 2012
The Policy Research Working Paper Series disseminates the findings of work in progress to encoura... more The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.
IMF Working Papers, 2005
This Working Paper should not be reported as representing the views of the IMF. The views express... more This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Since 1995, Tanzania has made major progress in economic reform and macroeconomic stabilization, resulting in strong growth and low inflation. This paper reviews Tanzania's growth performance and prospects and assesses the impact of growth on poverty. It finds that growth has been increasingly driven by higher factor productivity and that a continuation of recent policies should allow Tanzania to grow above 5 percent a year over the medium term. Furthermore, it finds that growth since 1995 has resulted in a significant decline of poverty and that prospects are favorable for Tanzania to attain its objectives for reducing income poverty by 2015.
Occasional Papers, 1999
... in-Publication Data Oman beyond the oil horizon: policies toward sustainable growth/edited by... more ... in-Publication Data Oman beyond the oil horizon: policies toward sustainable growth/edited byAhsan Mansur and Volker Treichel. p. cm.—(Occasional paper, ISSN 0251-6365; no. 185) Includes bibliographical references. ISBN 1-55775-833-6 1. Oman—Economic policy. ...
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Papers by Volker Treichel