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"Powell, Mylenko, Miller, and Majnoni analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with...
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"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
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Immunization deserves high priority, especially in developing countries, for three reasons: vaccine-preventable diseases, disproportionately affect the poorest fifth of the population; immunization is among the most cost-effective interventions, and has a major impact in reducing the burden of...
Persistent link: https://www.econbiz.de/10012554894
"This paper discusses some of the key characteristics of the U.S. subprime mortgage boom and bust, contrasts them with … characteristics of emerging mortgage markets, and makes recommendations for emerging market policy makers. The crisis has raised … questions in the minds of many as to the wisdom of extending mortgage lending to low and moderate income households. It is …
Persistent link: https://www.econbiz.de/10010521033
facilitate the development of mortgage-related securities. Despite such a strong appeal, there are significant barriers to the … development of mortgage securities in emerging markets. Their success is dependent on many factors, starting with a strong legal … and regulatory framework and liberalized financial sector, and including a developed primary mortgage market. The …
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