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Investment taxes have a substantial impact on the performance of taxable mutual fund investors. Mutual funds can reduce the tax burdens of their shareholders by avoiding securities that are heavily taxed and by avoiding realizing capital gains that trigger higher tax burdens to the funds'...
Persistent link: https://www.econbiz.de/10012457607
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock … events in countries experiencing a crisis. The paper uses the impact of the LTCM crisis on bank stock prices to put the …
Persistent link: https://www.econbiz.de/10012471245
offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U … banks have been more eager than small banks to offer mutual funds and why bank mutual funds could be priced to grow at a … time when bank deposits were being priced to shrink …
Persistent link: https://www.econbiz.de/10012473775
The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012466213
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10012472488
their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent …
Persistent link: https://www.econbiz.de/10012473722
of the lender (the Bank) as compared to those of the borrowers (the countries) must be clear. Second, the extent of the …
Persistent link: https://www.econbiz.de/10012473899
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
the current loan), a 25% reduction of the interest rate in the next loan the borrower takes from the bank, or a monthly …
Persistent link: https://www.econbiz.de/10012461638
-random allocation of multilateral funding sources across nearby villages. African Development Bank (AfDB) projects used bundled … contracts while the World Bank (WB) employed unbundled contracts together with strengthened inspections. To measure impacts, we …
Persistent link: https://www.econbiz.de/10014226145