"Studies use different conceptual and operational definitions of crises. The different crisis identifications can lead to inconsistent conclusions and policy formulation even if the same analytical framework is applied. Also, most studies focus on only a few types of crises. This narrow focus on...

"The authors offer evidence that U.S. interest rate policy has an important influence in the determination of credit spreads on emerging market bonds over U.S. benchmark treasuries and therefore on their cost of capital. Their analysis improves on the existing literature and understanding by...

This note reviews the main elements of the New Basel III global regulatory framework and its regulatory implications, as well as the menu of macro prudential regulatory options to consider for application to ensure more resilient banks and baking systems

The focus of the paper is on five key financial stability issues in Emerging market and developing economies (EMDEs), which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for regulatory, supervisory or other financial...

"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms...

Good jobs bring gains for women themselves, as well as for their families, businesses, and communities. They boost self-esteem and pull households out of poverty. Yet gender disparities persist in the world of work. Closing these gaps, while working to expand job growth more broadly, is a...

The approach to regulating private sector education is as unique as the countries in which the institutions are located. Governments are under considerable pressure as they endeavor to meet access to education targets at all levels, from basic to tertiary. Increasingly, governments are...

This report translates the Bank's corporate commitment into increased efforts to control malaria. It lays the basis for a Booster Program for Malaria Control, through which the Bank will make an important contribution to malaria control in the years ahead. This effort will be undertaken in...

Advances in technologies over the last 20 years have affected virtually every aspect of the waywe live and conduct our daily lives. While these technologies have been a source of good and enabled social and economic progress around the world, hardly a day goes by without news of yet another...