Europeans have a tendency to call the financial crisis a US problem, or a crisis precipitated by the "Anglo-Saxon" model. The data suggest otherwise. Moreover, the corporate sector in Europe has a much lower capacity to finance investment from internal sources of funds, which implies that a...

The World Bank is a genuine investment agency. This fact seems to be self-evident, yet not fully realized by a larger public. At present, the World Bank (IBRD), together with its affiliate, the International Development Association (IDA), is also a multilateral development institution, the...