"... In PAGE 14: ... As a result of the Government apos;s support to the Universal Primary Education policy, public funds for higher education have been decreasing, as compared with public funds for primary education. Table2 and figure 2 show that public recurrent funds for primary education have more than doubled, in constant prices, since 1995/96, while public recurrent funds for higher education have decreased by 7 percent in the same period. The share of primary education in total recurrent revenue for the sector has increased from 52 percent to 68 percent since 1995 while at the same time the share for tertiary education has decreased from 28 percent to 16 percent.... ..."

"... In PAGE 5: ... growth in domestic credit matched by a steady drain in international reserves. Thus, despite the drop in reserves, the monetary base saw a sharp rise during that period ( Table3 ), as the fall in reserves was more than matched by the rise in domestic credit, mainly to assist the troubled financial institutions. Insert Tables 2 amp; 3 Importantly, this provides a reason why activist (i.... ..."

"... In PAGE 16: ...then average absolute deviation of the market index. From this decomposition in Table3 , one can see that arbitrage returns have more than doubled from 1992-96 to 1997-2001, and that this doubling was due mainly to increased market volatility. 3.... In PAGE 46: ...Table3 . Annualized excess returns by year -- international equity funds Average absolute Year S amp;P coeff S amp;P change 1986 0.... ..."

"... In PAGE 8: ...able 16. Financing of National Immunization Program, by Funding Source, 1997/98 ....................53 Table17 . Breakdown of Donor Funding for the National Immunization Program, by Donor, 1997/98 (US$) .... ..."

"... In PAGE 17: ... In particular we partition domestic equity funds into: aggressive (aggressive growth, precious metals, or sector) and conservative (growth and income, utility) and we partition the other funds into: international/global funds, government and agency bonds, corporate bonds and balanced, and municipal bonds. Table3 , panel A presents the same return statistics as Table 1 for the above... ..."

"... In PAGE 28: ... Thus, the active monetary policy rule prescribes an increase of almost 150 basis points in the federal funds rate by mid-1998, and gradually pushes up the long-term real interest rate. Table3 summarizes the simulation results for global trade and current accounts under the active U.... ..."

"... In PAGE 11: ... Note, however, as long as the opacity measure is uncorrelated with the error term in the regressions, its coefficient estimate are still consistent albeit less precise if opacity is correlated with the share in the EMF index. The regression results are reported in Table2 . Without exception, lack of transparency is associated with lower exposure of emerging market funds.... In PAGE 13: ... This possibly reflects panic selling across all emerging markets during a crisis when the distinction among countries in terms of opacity becomes less important. In any case, the negative effect of opacity on international investment (reported in Table2 ) is not driven by crisis episodes in the sample. The coefficients on the other control variables mostly have the expected signs and are often statistically significant.... In PAGE 14: ... We do not include OFACTOR since it is a summary variable encompassing both corporate and macroeconomic transparency. When we do not include control variables except for the benchmark index weights (as in Table2 ), the coefficients on each of the three opacity measures retain their approximate size and significance, while the government transparency variables become statistically insignificant. By contrast, when including control variables (as in Table 3), the coefficients become much larger in (absolute) size, with the coefficient on MACRODATA OPACITY turning positive.... ..."

"... In PAGE 7: ... growth in domestic credit matched by a steady drain in international reserves. Thus, despite the drop in reserves, the monetary base saw a sharp rise during that period ( Table3 ), as the fall in reserves was more than matched by the rise in domestic credit, mainly to assist the troubled financial institutions. Insert Tables 2 amp; 3 Importantly, this provides a reason why activist (i.... ..."

"... In PAGE 19: ... However, given the lower number of meetings, the percentage of times in which the market has not been surprised by the monetary policy decisions is 73%. Table4 shows these and also lists the meetings of the FOMC in which a surprise was estimated to have occurred (according to the two measures of the shocks which provide very similar results). Similar to the euro area, an indicative (and non- comprehensive) table which lists all the shocks and the events which happened those days is provided in Table 5.... In PAGE 19: ... Similar to the euro area, an indicative (and non- comprehensive) table which lists all the shocks and the events which happened those days is provided in Table 5. [Insert Table4 and Tables 5a-5b about here] Figure 5 plots for all the meetings of the FOMC the change in the Fed Funds rate and the corresponding shock PR on that day (the results with PR1 are very similar). [Insert Figure 5 about here] Overall, this section has shown that using a more demanding measure of the predictability of the monetary policy decisions of a central bank, the markets have not been surprised on 87- 91% of the monetary policy meetings of the ECB, a result which is slightly better than for the FOMC.... ..."