-market premium and putting more downward pressure on domestic prices. "--World Bank web site …

difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World … fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external …

Global Development Finance is the World Bank's annual review of global financial conditions facing developing countries …

Global Development Finance is the World Bank's annual review of global financial conditions facing developing countries …

ADR listings of local firms might not negatively affect local markets if the investment climate is good. "--World Bank web …

"Levy-Yeyati, Martinez Peria, and Schmukler show that systemic risk exerts a significant impact on the behavior of … depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline … deposits by way of dual agency problems. Second, to the extent that banks are exposed to systemic risk, systemic shocks lead to …