different stages of financial development. In particular, when the level of financial depth is low, traditional leading …

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in …

capacity building, highlighting three important political ingredients: constitutive institutions, inclusive politics and …

towards the Sustainable Development Goals (SDGs) during this time. This paper sheds light on some elements of Vietnam …

among financial institutions. Namely, the charges are based on the institution's incremental contribution to systemic risk … with too-connected-to-fail institutions and providing managerial incentives to strengthen an institution's solvency …

Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five …-year periods using a two-dimensional state space based on growth regimes and political institutions. We then model the joint … evolution of output growth and political institutions as a finite state Markov chain, and study how countries move between …

We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment …

This study aims to identify policies that influence the development of financial institutions as measured across three … levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation …, trade openness, institutional quality, and banking crises significantly affect financial development. Our analysis also …

regarding prospective future paths forstructural transformation and development policies …