WorldCat Identities

Pinto, Brian

Works: 65 works in 296 publications in 1 language and 3,388 library holdings
Roles: Author, Editor, Honoree
Publication Timeline
Most widely held works by Brian Pinto
How does my country grow? : economic advice through storytelling by Brian Pinto( Book )

13 editions published in 2014 in English and held by 237 WorldCat member libraries worldwide

"Written by a former World Bank economist, How Does My Country Grow? presents growth policy lessons from the author's first-hand experience in Poland, Kenya, India, and Russia. The book argues that country economic analysis is in effect a separate, integrative branch of economics. It covers the period 1990-2008 and documents lessons from two episodes: the historic transition in Central and Eastern Europe, which began in 1990; and the unexpectedly positive response of emerging markets to their own crises of 1997-2001, which enabled them to weather the global financial crisis of 2008-09 virtually unscathed. The emerging market response to the crises in the shape of comprehensive self-insurance with its implication of self-financed growth, topics to which the author contributed at the World Bank, are covered in the final part of the book. While the discussion is tilted towards developing countries, the insights are applicable to the advanced economies, many of which today are in the throes of their own growth-cum-sovereign debt crises."--Publisher's Web site
Managing economic volatility and crises : a practitioner's guide( Book )

17 editions published between 2005 and 2011 in English and held by 217 WorldCat member libraries worldwide

"Over the past ten years, economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This book organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, ease studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s."--Jacket
Dismantling Russia's nonpayments system : creating conditions for growth by Brian Pinto( Book )

11 editions published in 2000 in English and held by 99 WorldCat member libraries worldwide

The study analyzes the complex, inter-linked non-payments system in Russia, to include its origins, evolution, and factors contributing to its development. To the contrary, it identifies a minimum set of economic reforms needed to dismantle this system, suggesting the need for a political decision to stop subsidies to enterprises, explicit or implicit, thereby ensuring hard budget constraints. Corrective policies will need to address: a continued reform to attain fiscal control, a tax reform to enable transparent cash-based taxation, and, a coordination of inflation targets, to strictly avoid budgetary arrears, and impose instead hard budget constraints on enterprises. In addition, efficient pricing, taxation, and regulation of the energy monopolies, should be enforced, supplemented with a policy enabling disconnection of non-payers, coupled with an assessment of the probable social consequences of hard budgets
India Rising Faster Growth, Lower Indebtedness by Gaobo Pang( )

12 editions published between 2007 and 2012 in English and Undetermined and held by 66 WorldCat member libraries worldwide

Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue that the main factor in the deterioration of government debt dynamics after the mid-1990s was a reform-induced loss in trade, customs, and financial repression taxes. Over time, these very factors plus lower entry barriers have contributed to stronger microfoundations for growth by increasing competition and hardening budget constraints for firms and financial sector institutions. The authors suggest that the impressive growth acceleration of the past few years, which is now lowering government indebtedness, can be attributed to the lagged effects of these factors, which have taken time to attain a critical mass in view of India's gradual reforms. Similarly, the worsening of public finances during the late 1990s can be attributed to the cumulative effects of tax losses, the negative growth effects of cuts in capital expenditure that were made to offset the tax losses, and a pullback in private investment (hence, growth and taxes), a situation which is now turning around. Insufficient capital expenditures have contributed to the infrastructure gap, which is seen as a constraint especially for rapid growth in manufacturing. The authors discuss ongoing reforms in revenue mobilization and fiscal adjustment at the state level, which if successfully implemented, will result in a better alignment of public finances with growth by generating further fiscal space for infrastructure and other development spending
Give Growth and Macroeconomic Stability in Russia a Chance Harden Budgets by Eliminating Nonpayments by Brian Pinto( )

12 editions published between 1999 and 2000 in English and Undetermined and held by 63 WorldCat member libraries worldwide

Rnment pay its own energy bills on time and in cash, but also that the energy monopolies be empowered to disconnect nonpaying clients. This will enable the government to insist that the energy monopolies in turn pay their own taxes in full and on time. This paper - a product of the Economics Unit, World Bank Office, Moscow - was produced as part of the Economic and Sector Work Program, Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region
Ownership and corporate control in Poland : why state firms defied the odds by Brian Pinto( Book )

15 editions published between 1994 and 1995 in English and held by 62 WorldCat member libraries worldwide

India why fiscal adjustment now by Brian Pinto( )

3 editions published between 2003 and 2013 in English and Undetermined and held by 38 WorldCat member libraries worldwide

India's growth performance has been impressive over the last two decades. But its sustainability has been in question, first with the 1991 fiscal-balance of payments crisis (BoP), and then again after 1997/98, when fiscal deficits returned to the 10 percent of GDP range and government debt grew. This paper analyzes the deterioration in India's public finances and presents evidence suggesting that, in the absence of a fiscal adjustment, low inflation and high reserves may have been pursued at the expense of long-run growth and poverty reduction. Resolving this inflation-external vulnerability-growth policy trilemma requires fiscal adjustment. In making its case, the paper shows, first, that fiscal fundamentals have weakened after 1997/98 even when compared with the pre-1991 crisis period. This has continued in spite of the recent record lows in interest rates. Second, the fiscal stance is not conducive to long-run growth and poverty reduction because capital spending has been cut to accommodate higher interest payments and other current spending, with expenditures on the social sectors stagnating. Third, without a fiscal adjustment, the debt burden is likely to reach unmanageable levels by the end of the Tenth Plan period. In contrast, a phased adjustment beginning now and focusing on a relatively small set of reforms is likely to improve debt dynamics substantially over the same horizon, while also promoting faster growth and poverty reduction
Kenya's quest for growth stabilization and reforms - but political stability? by Luca Bandiera( )

6 editions published between 2008 and 2012 in English and held by 37 WorldCat member libraries worldwide

"Kenya has long had a reputation of being politically risky, manifested in corruption, uncertainty about policies, and the importance of political connections in doing business. Kenya began its economic liberalization in 1993. Reform picked up speed after a tightening of aid by donors on governance grounds and an attempt to re-establish credibility following the costly Goldenberg scandal uncovered in 1992. But tangible results in the shape of favorable government debt dynamics and a pick up in growth took a decade to materialize. The paper argues that the peaceful presidential election and transfer of power in December 2002 was central to the economic upswing after 2002. The subsequent decline in political risk was singled out by the private sector as an important development. The paper draws on an analysis of debt dynamics, the evolution of domestic interest rates, and the latest Investment Climate Assessment to present evidence on the criticality of low political risk in facilitating good economic outcomes after 2003. The December 2007 elections have highlighted other aspects of political risk - ethnic and social tensions with roots in inequality. The findings of this paper underline the importance of establishing a foundation for long-term political stability and social cohesion in view of the disruptions following the December 2007 elections. This process is likely to be at least as difficult and lengthy as fundamental economic policy and institutional reform. "--World Bank web site
Financial Sector Ups and Downs and the Real Sector : Big Hindrance, Little Help by Joshua Aizenman( Book )

13 editions published between 2011 and 2012 in English and Undetermined and held by 12 WorldCat member libraries worldwide

We examine how financial expansion and contraction cycles affect the broader economy through their impact on 8 real economic sectors in a panel of 28 countries over 1960-2005, paying particular attention to large, or sharp, contractions and magnifying and mitigating factors. Overall, the construction sector is the most responsive to financial sector growth, with a number of others such as government, public utilities, and transportation also exhibiting significant sensitivity to lagged financial sector growth. Sharp fluctuations in the financial sector have asymmetric effects, with the majority of real sectors adversely affected by contractions but not helped by expansions. The adverse effects of financial contractions are transmitted almost exclusively by the financial openness channel with foreign reserves mitigating these effects with a sizeable (10 to 15 times greater) impact during sharp financial contractions. Both effects are magnified during particularly large financial contractions (with coefficients on interaction terms 2 to 3 times greater than when all contractions are considered). Consequent upon a financial contraction, the most severe real sector contractions occur in countries with high financial openness, relative predominance of construction, manufacturing, and wholesale and retail sectors, and low international reserves. Finally, we find that abrupt financial contractions are more likely to follow periods of accelerated growth, indicative of 'up by the stairs, down by the elevator dynamics -- National Bureau of Economic Research web site
Financial Globalization and the Russian Crisis of 1998 by Brian Pinto( )

6 editions published between 2010 and 2012 in English and Undetermined and held by 6 WorldCat member libraries worldwide

Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of 1997. And in February 1998, the annual inflation rate at last dipped into the single digits. Privatization should have helped with stronger micro-foundations for growth. The conquest of inflation should have cemented macroeconomic credibility, lowered real interest rates, and spurred investment. Instead, Russia suffered a massive public debt-exchange rate-banking crisis just six months later, in August 1998. In showing how this turn of events unfolded, the authors focus on the interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization. They argue that the expectation of a large official bailout in the final 10 weeks before the meltdown played an important role, with Russia's external debt increasing by
Managing financial integration and capital mobility : policy lessons from the past two decades by Joshua Aizenman( )

6 editions published in 2011 in English and held by 1 WorldCat member library worldwide

Abstract: The accumulated experience of emerging markets over the past two decades has laid bare the tenuous links between external financial integration and faster growth, on the one hand, and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without learning. During the 1990s and 2000s, emerging markets converged to the middle ground of the policy space defined by the macroeconomic trilemma, with growing financial integration, controlled exchange rate flexibility, and proactive monetary policy. The OECD countries moved much faster toward financial integration, embracing financial liberalization, opting for a common currency in Europe, and for flexible exchange rates in other OECD countries. Following their crises of 1997-2001, emerging markets added financial stability as a goal, self-insured by building up international reserves, and adopted a public finance approach to financial integration. The global crisis of 2008-2009, which originated in the financial sector of advanced economies, meant that the OECD "overshot" the optimal degree of financial deregulation while the remarkable resilience of the emerging markets validated their public finance approach to financial integration. The story is not over: with capital flowing in droves to emerging markets once again, history could repeat itself without dynamic measures to manage capital mobility as part of a comprehensive prudential regulation effort
moreShow More Titles
fewerShow Fewer Titles
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.57 (from 0.09 for Dismantlin ... to 0.81 for India why ...)

Managing economic volatility and crises : a practitioner's guide
English (109)

Dismantling Russia's nonpayments system : creating conditions for growth