Monographs

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Browsing Monographs by Subject "Structural adjustment"

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    External Shocks, Adjustment Policies, and the Current Account: The Case of Sri Lanka, 1971-1991
    (Institute of Policy Studies, 1993) White, Howard; Kelegama, Saman
    A major methodological problem in the analysis of adjustment policies is the separation of the effects of the policies themselves from those of changing external conditions. In this study authors’ use, with some significant modifications, decomposition approach to the context of Sri Lanka for the period 1971 to 1991. The paper initially presents the methodology and its application to Sri Lanka. It also incorporates discussion of the debates concerning Sri Lanka’s macroeconomic performance in the 1980s and the impact of adjustment policies more generally. Finally the paper draws out the conclusions and policy implications of authors’ analysis.
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    Stabilization and Liberalization: A Closer Look at the Sri Lankan Experience 1977-93
    (Institute of Policy Studies, 1994) Dunham, David; Kelegama, Saman
    Three years before the World Bank introduced its first structural adjustment loan in 1980, Sri Lanka had embarked on a process of economic liberalization. The results of this have been documented at the end of the 1980s. The events illustrate the difficulties of managing the transition from a closed to an open economy. However, tensions between different needs of stabilization and adjustment have received very little attention in the literature. Why Sri Lankan liberalization faltered during this period has still not been adequately answered. This paper attempts to provide an answer to this crucial question.
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