crises when they do occur. These include sound debt management, strong monetary and fiscal frameworks, and robust bank …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

portfolio investment and cross - border bank lending-fared less well, especially those in Europe and Central Asia. A key lesson …

This paper revisits trends in bank privatization and analyzes their economic impact over the past 25 years. Building on … a novel data set of privatization events for 70 developed and developing countries, it shows that bank privatization … smaller in that the fraction of a bank's ownership relinquished during privatization events declined. The majority of …

scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no …