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Project Finance at the World Bank: An Overview of Policies and Instruments.

Benoit, P. - World Bank Group - 1996

Private and public sector sponsors of infrastructure, industrial and other commercial projects in developing countries are looking increasingly to the project finance structure to fund these operations. The World Bank has an array of financial instruments to support these projects. This paper...

Persistent link: https://www.econbiz.de/10005780263

World Bank Lending for Small Enterprises 1989-1993.

Webster, L.M.; Riopelle, R.; Chidzero, A.M. - World Bank Group - 1996

The main objective of this report is to evaluate World Bank lending for small enterprises between FY89 and FY93, including both small and medium enterprises and microenterprises. There has been a marked shift in the Bank's work in this area, and this review details the nature and content of this...

Persistent link: https://www.econbiz.de/10005639100

Tail dependence of financial stocks and CDS markets: Evidence using copula methods and simulation-based inference

Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - Institut für Weltwirtschaft (IfW) - 2013

Using copula methods and simulation-based inference the authors address the association between the performance of the stocks of European banks and the CDS markets. Their analysis has three purposes: (i) analysing the dependence structure of the markets when extreme events occur; (ii) checking...

Persistent link: https://www.econbiz.de/10010956052

Fixed-income portfolio management in crisis period: Expected tail loss (ETL) approach

Mili, Mehdi - Institut für Weltwirtschaft (IfW) - 2012

The purpose of this study is to develop an efficient strategy for managing fixed-income portfolios in crisis periods. We use the volatility ratio model of Briere and Szafarz (2008) and the Expected Tail Loss (ETL) approach of Litzenberger and Modest (2008). Our methodology is applied to U.S. and...

Persistent link: https://www.econbiz.de/10010956076

Contagion Between European and US Banks: Evidence from Equity Prices

Fricke, Daniel - Institut für Weltwirtschaft (IfW) - 2010

This paper employs an Extreme Value Theory framework to investigate the existence of contagion between European and US … finding market-based indicators in order to analyze the effects of crises and to quantify the risk of contagion. The Distance … coexceedances allows to interpret significant coefficients of foreign lagged coexceedances as contagion. The main finding is that …

Persistent link: https://www.econbiz.de/10008764567

Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets

International Monetary Fund - 2009

This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility respond to news about macroeconomic fundamentals. As in mature bond markets, macroeconomic surprises in external emerging bond markets are found to a¤ect both conditional...

Persistent link: https://www.econbiz.de/10014404285

Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies

International Monetary Fund - 2017

Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables...

Persistent link: https://www.econbiz.de/10014408642

Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies

International Monetary Fund - 2017

Persistent link: https://www.econbiz.de/10014408670

Promoting the Use of Capital Markets for Infrastructure Financing : Lessons for Securities Markets Regulators in Emerging Market Economies

World Bank Group - 2017

This Note provides guidance to securities markets regulators in emerging market economies (EMEs) about key regulatory issues that could affect the issuance of debt instruments for infrastructure financing over which they have some control. The Note focuses on three areas (placement regime,...

Persistent link: https://www.econbiz.de/10012645509

Promoting Competition in the Distribution of Mutual Funds : Lessons for Securities Markets Regulatory Authorities in Emerging Market Economies

World Bank Group - 2017

This Policy Note focuses on distribution channels, the role they play in product diversification and costs, and how regulation can promote competition in mutual funds (MFs) distribution. In many emerging market economics (EMEs) where both the capital markets and the MFs have reached certain...

Persistent link: https://www.econbiz.de/10012645510

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