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The impact of credit information sharing reforms on firm financing?

Peria, Martinez; Soledad, Maria; Singh, Sandeep - Economics Research, World Bank Group - 2014

This paper analyzes the impact of introducing credit information-sharing systems on firms'access to finance. The analysis uses multi-year, firm-level surveys for 63 countries covering more than 75,000 firms over the period 2002-13. The results reveal that credit bureau reforms, but not credit...

Persistent link: https://www.econbiz.de/10010938489

Distributional effects of crises : the role of financial transfers

Halac, Marina; Schmukler, Sergio - Economics Research, World Bank Group - 2003

Financial crises affect income distribution by way of different channels. The authors argue that financial transfers are an important channel which has been overlooked by the literature. They study the role of financial transfers by analyzing some of the most severe Latin American crises during...

Persistent link: https://www.econbiz.de/10005079564

Crisis and contagion in East Asia : nine lessons

Kawai, Masahiro; Newfarmer, Richard; Schmukler, Sergio - Economics Research, World Bank Group - 2001

The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion:...

Persistent link: https://www.econbiz.de/10005079883

Predicting currency fluctuations and crises - do resident firms have an informational advantage?

Kaufmann, Daniel; Mehrez, Gil; Schmukler, Sergio - Economics Research, World Bank Group - 1999

The authors investigate whether resident enterprise managers have an informational advantage about the countries in which they work. They propose a method for extracting information available to resident managers but unknown to investors and forecasters. They rest their hypothesis of...

Persistent link: https://www.econbiz.de/10005080040

Foreign bank entry - experience, implications for developing countries, and agenda for further research

Clarke, George; Cull, Robert; Peria, Martinez; Soledad, … - Economics Research, World Bank Group - 2001

In recent years, foreign bank participation has increased tremendously in several developing countries. In Argentina … foreign bank entry are still being debated, including: 1) What draws foreign banks to a country? 2) Which banks expand abroad …? 3) What do foreign banks do once they arrive? 4) How does the mode of a bank's entry - for example, as a branch of its …

Persistent link: https://www.econbiz.de/10005128465

Managers, investors, and crises : mutual fund strategies in emerging markets

Kaminsky, Graciela; Lyons, Richard; Schmukler, Sergio - Economics Research, World Bank Group - 2000

The authors address the trading strategies of mutual funds in emerging markets. The data set they develop permits analyses of these strategies at the level of individual portfolios. A methodologically novel feature of their analysis: they disentangle the behavior of fund managers from that of...

Persistent link: https://www.econbiz.de/10005128513

Emerging markets instability: do sovereign ratings affect country risk and stock returns?

Kaminsky, Graciela; Schmukler, Sergio - Economics Research, World Bank Group - 2001

Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading countries in good times and downgrading them in bad times. Using a panel of emerging...

Persistent link: https://www.econbiz.de/10005128745

Reaching out : access to and use of banking services across countries

Beck, Thorsten; Demirguc-Kunt, Asli; Peria, Martinez; … - Economics Research, World Bank Group - 2005

The authors (1) present new indicators of banking sector penetration across 99 countries based on a survey of bank …

Persistent link: https://www.econbiz.de/10005128761

Does foreign bank penetration reduce access to credit in developing countries"evidence from asking borrowers

Clarke, George R. G.; Cull, Robert; Peria, Martinez; … - Economics Research, World Bank Group - 2001

Existing evidence on the effect of foreign bank penetration on lending to small and medium-size enterprises is … cross-country studies find that foreign bank entry fosters competition and reduces interest rates, benefits that should … results suggest that foreign bank penetration improves financing conditions (both the quantities of financing and the terms …

Persistent link: https://www.econbiz.de/10005129146

Do depositors punish banks for"bad"behavior? : market discipline in Argentina, Chile, and Mexico

Peria, Martinez; Soledad, Maria; Schmukler, Sergio L. - Economics Research, World Bank Group - 1999

the 1980s and 1990s. Using a set of bank panel data, they test for the presence of market discipline by studying whether …. Standardized coefficients and variance decomposition of deposits indicate that bank fundamentals are at least as important as other … endogeneity of bank fundamentals. …

Persistent link: https://www.econbiz.de/10005129376