"Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt … denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign …

"Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in … Brazil, Chile, and Mexico. Costs include investment banking and legal fees, regulatory and exchange listing costs, rating … issuing debt locally or abroad, whereas domestic equity issuance is nearly twice as expensive as debt. While the Chilean …

work and impact of all development partners would be enhanced if the multiple linkages between public finance, security …, and development were explicitly taken into account. At the extreme, in some cases better public finance management could … development-through the investment climate, human and social capital, and institutions. The authors then propose three …

state and local debt and not to allow ownership of the banks by any level of government. Transparency of the budgetary …