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Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico C. - 2015

We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...

Persistent link: https://www.econbiz.de/10011304762

Toward Successful Development Policies : Insights from Research in Development Economics

Artuc, Erhan - 2020

What major insights have emerged from development economics in the past decade, and how do they matter for the World … Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the …

Persistent link: https://www.econbiz.de/10012842639

Governance Matters VII : Aggregate and Individual Governance Indicators, 1996-2007

Kaufmann, Daniel - 2008

This paper reports on the latest update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2007: Voice and Accountability, Political Stability and Absence of Violence/Terrorism,...

Persistent link: https://www.econbiz.de/10012723979

Methodology for a World Bank Human Capital Index

Kraay, Aart - 2018

This paper describes the methodology for a new World Bank Human Capital Index (HCI). The HCI combines indicators of …

Persistent link: https://www.econbiz.de/10012910533

Weak Instruments in Growth Regressions : Implications for Recent Cross-Country Evidence on Inequality and Growth

Kraay, Aart - 2017

This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...

Persistent link: https://www.econbiz.de/10012970632

Predicting World Bank Project Outcome Ratings

Geli, Patricia - 2017

A number of recent studies have empirically documented links between characteristics of World Bank projects and their … ultimate outcomes as evaluated by the World Bank's Independent Evaluation Group. This paper explores the in-sample and out … project. Such models perform better than self-assessments of project performance provided by World Bank staff during the …

Persistent link: https://www.econbiz.de/10012972899

Growth, Inequality, and Social Welfare : Cross-Country Evidence

Dollar, David - 2017

Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the...

Persistent link: https://www.econbiz.de/10012973293

Financial Development in Asia : Beyond Aggregate Indicators

Didier, Tatiana - 2017

This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial systems in Asia remain less developed than in advanced...

Persistent link: https://www.econbiz.de/10012973555

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco - 2017

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

Persistent link: https://www.econbiz.de/10012975170

Gross Capital Flows : Dynamics and Crises

Broner, Fernando - 2017

This paper analyzes the joint behavior of international capital flows by foreign and domestic agents -- gross capital flows -- over the business cycle and during financial crises. The authors show that gross capital flows are very large and volatile, especially relative to net capital flows....

Persistent link: https://www.econbiz.de/10012975821