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Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
Denizer, Cevdet; Kaufmann, Daniel; Kraay, Aart - 2012
The authors use data from more than 6,000 World Bank projects evaluated between 1983 and 2009 to investigate macro and … World Bank project task manager quality matter significantly for the ultimate outcome of projects. They discuss the …
Persistent link: https://www.econbiz.de/10012551142
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How Large Is the Government Spending Multiplier? Evidence from World Bank Lending
Kraay, Aart - 2012
unique to many low-income countries: (1) borrowing from the World Bank finances a substantial fraction of public spending …, and (2) actual spending on World Bank-financed projects is typically spread out over several years following the original … approval of the project. These two features imply that fluctuations in spending on World Bank projects in a given year are in …
Persistent link: https://www.econbiz.de/10012551715
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Does IDA Engage in Defensive Lending?
Geginat, Carolin; Kraay, Aart - 2012
Multilateral development banks are frequently accused of "defensive lending," the practice of extending new loans purely in order to ensure that existing loans are repaid. This paper empirically examine this hypothesis using data on lending by and repayments to the International Development...
Persistent link: https://www.econbiz.de/10012552775
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Who Gets Debt Relief?
Chauvin, Nicolas Depetris; Kraay, Aart - 2012
The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better...
Persistent link: https://www.econbiz.de/10012553823
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Government Spending Multipliers in Developing Countries : Evidence from Lending by Official Creditors
Kraay, Aart - 2012
transactions from the World Bank's Debtor Reporting System database are used to isolate a predetermined component of government …
Persistent link: https://www.econbiz.de/10012554530
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Fiscal Policy as a Tool for Stabilization in Developing Countries
Kraay, Aart; Serven, Luis - 2013
have been rare in the developing world. This note also briefly reviews contrasting experiences of success and failure in …
Persistent link: https://www.econbiz.de/10012560402
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Sovereign defaults and expropriations : empirical regularities
Eden, Maya; Kraay, Aart; Qian, Rong - 2012
Persistent link: https://www.econbiz.de/10009631562
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Law, Endowment, and Finance
Beck, Thorsten - 2002
This paper assesses two theories regarding the historical determinants of international differences in financial development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the rights of private investors vis-a-vis the State and...
Persistent link: https://www.econbiz.de/10012469624
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Sovereign Defaults and Expropriations : Empirical Regularities
Eden, Maya; Kraay, Aart; Qian, Rong - 2013
This paper uses a large cross-country dataset to empirically examine factors associated with sovereign defaults on external private creditors and expropriation of foreign direct investments in developing countries since the 1970s. In the long run, sovereign defaults and expropriations are likely...
Persistent link: https://www.econbiz.de/10012557099
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Who Gets Debt Relief?
Depetris Chauvin, Nicolas M.; Kraay, Aart - 2007
The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better...
Persistent link: https://www.econbiz.de/10014056705