"The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that have been used in policy circles to divert attention from the underlying breakdown of incentives....

"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...

This book, finance for all, presents first efforts at developing indicators illustrating that financial access is quite limited around the world and identifies barriers that may be preventing small firms and poor households from using financial services. Based on this research, the report...

This paper discusses rural finance aspects of the World Bank's rural development strategy, "Reaching the Rural Poor" (see report no. 26763) by giving an overview of recent implementation experience, discussing current issues, and highlighting priorities for the future. The primary objective is...

Este informe anual, que abarca el período comprendido entre el 1 de julio de 2022 y el 30 dejunio de 2023, ha sido elaborado por los directores ejecutivos del Banco Internacional deReconstrucción y Fomento (BIRF) y de la Asociación Internacional de Fomento (AIF)-denominados colectivamente...

" The objective of this paper is to analyze the industry structure of banking services in Brazil in order to shed light on financial performance and its drivers at a disaggregated level. The study illustrates how differences across market segments - which tend to be averaged out in aggregate...

"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...