Experiencing development: fast cars and fast cash
In a new World Bank working paper, Bilal Zia and his coauthors study how insights from the biology of the human mind can help to better understand and facilitate learning of key development concepts,...
View ArticleThe informational role of stock prices
In both high-income and developing countries, firms’ long-term funding via equity financing plays a smaller role than bond issuances and syndicated loans (Cortina et al., 2015). However, developed and...
View ArticleThe economic effects of India’s farm loan bailout: business as usual?
In 2008, one year ahead of national elections and against the backdrop of the 2008–2009 global financial crisis, the government of India enacted one of the largest borrower bailout programs in...
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The 2014 Global Findex
I’m thrilled to announce the April 15 launch of the 2014 Global Findex database, the world’s most comprehensive gauge of global financial inclusion. Drawing on interviews with almost 150,000 adults in...
View ArticleThe international bank lending channel of monetary policy rates and QE:...
Various central bankers in emerging market economies have expressed concerns regarding the international spillovers of the U.S. and European quantitative easing, arguing for more coordinated global...
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Optimal tax policy in a high evasion context: evidence from Pakistan
Despite pressing needs for spending on social services and public investment, most developing countries struggle to raise sufficient tax revenues to meet their needs. Pakistan raises only 10% of GDP...
View ArticleUpdated Global Findex: 62% of adults have an account; 2 billion still unbanked
Today we release our new research paper and the 2014 Global Findex dataset, an updated edition of the world’s most comprehensive gauge of global progress on financial inclusion. It’s based on...
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The short-term objectives of long-term investors
Effective management of retirement savings is fast becoming an important agenda in many countries due to a rapidly ageing population. In addition to fulfilling this critical function, pension funds,...
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Financial development can boost fiscal response after disasters: insurance...
The frequency of natural hazards has increased over time. From 1970 to 2010, approximately 3.3 million people were killed (on average, 82,500 deaths per year), and the property damages exceeded...
View ArticleDecision day for Greece?
There have been many days over the past five years characterized as the final decision day, climax in a drawn-out attempt to resolve the Greek debt crisis and lead the country back onto a sustainable...
View ArticleMacroeconomic policy coordination and central bank independence after the crisis
Breaking the ‘taboo’? Following the seminal work by Kydland and Prescott (1977) and the vast literature that ensued, [1] central bank independence has become an established, rock solid truth in the...
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Hot off the Press: The Global Financial Development Report 2015/2016 on...
In recent years, long-term finance has increasingly attracted interest from policy makers, researchers, and other financial sector stakeholders. Policymakers are often concerned when they see limited...
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Understanding the use of long-term finance
This blog post is part of a series highlighting the key findings of the Global Financial Development Report 2015 | 2016: Long-Term Finance. You can view all the posts in the series at...
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Firms’ use of long-term finance: why, how, and what to do about it?
This post is part of a series highlighting the key findings of the Global Financial Development Report 2015 | 2016: Long-Term Finance. You can view all the posts in the series at gfdr2015. The first...
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Households’ use of long-term finance
This post is part of a series highlighting the key findings of the Global Financial Development Report 2015 | 2016: Long-Term Finance. You can view the entire series at gfdr2015. The second part of...
View ArticleWhich markets provide long-term finance?
This post is part of a series highlighting the key findings of the Global Financial Development Report 2015 | 2016: Long-Term Finance. You can view the entire series at gfdr2015. Many governments are...
View ArticleWhich financial intermediaries provide long-term finance?
This post is part of a series highlighting the key findings of the Global Financial Development Report 2015 | 2016: Long-Term Finance. You can view the entire series at gfdr2015. Policy makers debate...
View ArticleLaunching the 2014 Global Findex microdata
I am pleased to announce the release of the 2014 Global Findex microdata, which includes individual-level responses from almost 150,000 adults around the world. You can download it all here. Drawing...
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The determinants of long-term versus short-term bank credit in EU countries
In a new background paper prepared for the 2015/2016 Global Financial Development Report on Long-Term Finance, Haelim Park, Thierry Tressel and Claudia Ruiz analyze the growth of bank credit to firms...
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Eighteenth annual international banking conference: The future of large,...
On November 5–6, the Federal Reserve Bank of Chicago hosted its annual International Banking Conference, which we at the Bank co-sponsored. This year’s topic “The Future of Large, Internationally...
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