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Jim Yong Kim, President of the World Bank Group, spoke about how corruption poses an enormous obstacle to economic and … social development, and the global goal of ending extreme poverty by 2030. He defined corruption as stealing from the poor …. The Bank that has zero tolerance for corruption, has opened itself to scrutiny, and is influencing governments and the …
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world. Unstable cross-market linkages during a crisis are referred to as financial contagion. We simulate crisis … to destabilise cross-market linkages. In the real world, such information would be extremely valuable in developing …
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This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are...
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Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
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