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"This paper examines legal and regulatory measures that can be taken to promote access to the primary market in emerging market economies. While capital market development depends on many factors including, primarily, a favorable macroeconomic environment, an appropriately designed and effective...
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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
"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
Persistent link: https://www.econbiz.de/10011394189
exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …
Persistent link: https://www.econbiz.de/10011394190
spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10010522083
"The author examines the impact of the volatility of foreign portfolio investment on the financial constraints of small …, the author finds that the volatility of foreign portfolio investment is only significantly associated with a decreased … volatility of foreign portfolio investment only hinders the growth of small firms significantly in periods when nations are …
Persistent link: https://www.econbiz.de/10010522403
"Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. Patrinos and Sakellariou rigorously estimate the returns to education in Venezuela for the period 1992-2002 and link them to earlier available estimates from the 1980s. They use...
Persistent link: https://www.econbiz.de/10010522876
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