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"The authors offer evidence that U.S. interest rate policy has an important influence in the determination of credit spreads on emerging market bonds over U.S. benchmark treasuries and therefore on their cost of capital. Their analysis improves on the existing literature and understanding by...
Persistent link: https://www.econbiz.de/10010522574
"Lopez-de-Silanes examines the theoretical and empirical literature pertaining to securities laws and their enforcement by regulators and courts to establish what is known and what is yet unclear. Recent empirical research in the field has established that law matters. Mandatory disclosure...
Persistent link: https://www.econbiz.de/10010522929
Latin America and the Caribbean (LAC) have faced extraordinary challenges over the last three years that reverted the social gains of the previous two decades. The COVID-19 pandemic resulted in severe health impacts and a reversal in many of its socioeconomic gains. The unprecedented disruption...
Persistent link: https://www.econbiz.de/10014579610
In accordance with the goals of the innovation grant, World Bank staff undertook a study tour to Turkey to observe Turkey's innovative system to deliver farmer-focused weather alerts by cell phone. The regional priority on climate change adaptation highlights an adaptation mechanism that has...
Persistent link: https://www.econbiz.de/10012557435
Persistent link: https://www.econbiz.de/10003472911
), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper …
Persistent link: https://www.econbiz.de/10010520971
productivity growth in Chile between 1992 and 2004. The authors estimate an extended production function where plant output growth …
Persistent link: https://www.econbiz.de/10010521029
"The author studies annuity rates in Chile and relates them with industry competition. He finds (1) that annuity …
Persistent link: https://www.econbiz.de/10010522090
limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability …
Persistent link: https://www.econbiz.de/10010522132
limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability … show that annuitants in Chile have generally a good deal for their premiums, as indicated by MWRs higher than one, and also … higher than those estimated for other countries. The difference between Chile and other countries is striking considering …
Persistent link: https://www.econbiz.de/10010522135