"This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...

The world economy is emerging from the throes of a historically deep and synchronized recession provoked by the bursting of a global financial bubble. The consequences of the initial bubble and the crisis have been felt in virtually every economy, whether or not it participated directly in the...

Global Economic Prospects 2010: Crisis, Finance and Growth presents the World Bank's latest short-term forecasts. In addition, the report presents evidence that the financial boom played a critical role in the growth boom experienced by developing countries between 2003 and 2007, but that...

The global financial crisis severely affected economies in Eastern Europe and Central Asia (ECA). Currencies depreciated across the region. Government tax revenues declined sharply leading to high budget deficits and rising levels of public debt. Tightening credit supply and deteriorating...

Investment commitments to new infrastructure projects with private participation (PPI projects) reaching closure in developing countries grew by 15 percent in the fourth quarter of 2009 compared with the same period of 2008-and by 15 percent in 2009 as a whole. These growth rates indicate a...

Investment commitments to infrastructure projects with private participation (Private Participation in Infrastructure (PPI) projects) reaching closure in developing countries grew by 22 percent in the third quarter of 2009, and by 10 percent in the first three quarters of the year, compared with...

"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....