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...
View ArticleUnderstanding 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...
View ArticleFirms’ 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...
View ArticleHouseholds’ 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...
View ArticleThe 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...
View ArticleThe impact of the global financial crisis on the use of long-term finance
In the aftermath of the Global Financial Crisis, there were heightened concerns that a reduced availability of long-term finance and the resulting rollover risks would adversely affect the performance...
View ArticleDo securities trading by banks crowd out lending to the real sector?
In “Securities Trading by Banks and Credit Supply: Micro-Evidence”, we explore the effects of the financial crisis on securities trading by commercial banks and the subsequent effect of the latter in...
View ArticleLeveraging urbanization to fund sustainable development and financial inclusion
Urbanization, when combined with innovations in payments technologies (virtual and complementary currencies), provides an opportunity to finance sustainable city development funds and achieve...
View ArticleThe political economy of bank lending: evidence from an emerging market
Our paper studies the existence of political rents in bank lending in Mexico. Unlike prior studies examining political rent seeking in public sector banks, we focus on an economy with a fully...
View ArticleMoving from financial access to health
Over the past decade, the push for financial inclusion has united governments, companies, technology entrepreneurs, and nonprofit organizations in dozens of countries on every continent — and with...
View ArticleBenchmarking costs of financial intermediation around the world
Bank financial intermediation plays a critical role in sustainable and inclusive growth. There is a considerable body of evidence showing that the extent to which an economy is making use of banking...
View ArticleSolving Africa’s currency illiquidity problem
Some 41 currencies serve the African continent. Many of these are characterised by their illiquid and rarely traded status on the global financial market, as well as their volatility. So for those...
View ArticleSowing the seeds for rural finance: The impact of support services for credit...
Low and volatile agricultural incomes, poor connectivity, low population density and limited information are just a few reasons that have kept commercial banks away of rural areas in developing...
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