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This paper uses international cross-sectional and time-series infrastructure bond risk premium and credit rating … history data from the past decade to examine the factors that influence investor risk perceptions and that inflate the cost of …
Persistent link: https://www.econbiz.de/10005639096
Private and public sector sponsors of infrastructure, industrial and other commercial projects in developing countries are looking increasingly to the project finance structure to fund these operations. The World Bank has an array of financial instruments to support these projects. This paper...
Persistent link: https://www.econbiz.de/10005780263
The main objective of this report is to evaluate World Bank lending for small enterprises between FY89 and FY93, including both small and medium enterprises and microenterprises. There has been a marked shift in the Bank's work in this area, and this review details the nature and content of this...
Persistent link: https://www.econbiz.de/10005639100
This paper presents an innovative yet practical framework to assess corporate sector vulnerability and the links to exchange rates and financial crises that bridges the gap between corporate finance and macroeconomic analysis. This framework missing describing how changes in aggregate value of...
Persistent link: https://www.econbiz.de/10005670002
The Country Opinion Survey in Macedonia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Macedonia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral and bilateral agencies, media, academia,...
Persistent link: https://www.econbiz.de/10012564600
in European Union (EU) Member States (MS), analyze the financial instruments in place to manage this risk and identify … catastrophe risk models, one developed by JBA Risk Management (JBA) for fluvial and surface water flood, and one by the Global … Earthquake Model Foundation (GEM) for seismic risk. The report provides, (i) an indication of future losses for each country; (ii …
Persistent link: https://www.econbiz.de/10012603726
This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...
Persistent link: https://www.econbiz.de/10013209129
Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest...
Persistent link: https://www.econbiz.de/10012644528
This Note provides guidance to securities markets regulators in emerging market economies (EMEs) about key regulatory issues that could affect the issuance of debt instruments for infrastructure financing over which they have some control. The Note focuses on three areas (placement regime,...
Persistent link: https://www.econbiz.de/10012645509
This Policy Note focuses on distribution channels, the role they play in product diversification and costs, and how regulation can promote competition in mutual funds (MFs) distribution. In many emerging market economics (EMEs) where both the capital markets and the MFs have reached certain...
Persistent link: https://www.econbiz.de/10012645510