"Under the traditional "competition-fragility" view, more bank competition erodes market power, decreases profit margins, and results in reduced franchise value that encourages bank risk taking. Under the alternative "competition-stability" view, more market power in the loan market may result...

"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries...

The report reviews basic growth, as being one of four pillars for Nicaragua's poverty reduction strategy. The well-being of the rural poor will continue its dependence on - to a great extent - agriculture. The study analyzes main agricultural development aspects, and stipulates the broad basic...

The global economy has become increasingly complex and competitive. Many countries have turned to knowledge-based growth to transition from labor-intensive sectors to new and emerging economic activities that require higher skills and intellectual capital. In Thailand, higher education...

In an increasingly competitive, globalizing world, Bangladesh needs to rationalize its tariff structure and lower overall protection so that its exports can compete in world markets. At the same time, the government needs to protect revenues in a fiscally-constrained year. This note proposes a...