-Term Finance: Two Different Approaches -- 1.5 Using Credit Guarantees to Reduce the Risk of Long-Term Lending -- 2.1 Firms' Long …

"Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … competitive position. Using data on firms in 27 transition economies, the authors test for the effects of globalization through … competition and innovation, or that they are more sensitive to foreign presence. "--World Bank web site …

the treatment of endogenous globalization measures. "--World Bank web site … "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find … the output costs of promoting high interest rates to attract capital flows in a global world. These findings are robust to …

update on key economic developments and policies over the past six months. It also presents findings from recent World Bank …