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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 …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …

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

Can Latin America Tap the Globalization Upside?

de la Torre, Augusto - 2017

This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to … ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of … Latin America's globalization as compared with that of Southeast Asia. The paper focuses on trade and financial integration …

Persistent link: https://www.econbiz.de/10012973335

Determinants of International Buyout Investments

Aldatmaz, Serdar - 2020

Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...

Persistent link: https://www.econbiz.de/10012838894

Financial Inclusion and Inclusive Growth : A Review of Recent Empirical Evidence

Demirgüç-Kunt, Asli - 2017

and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical …

Persistent link: https://www.econbiz.de/10012957773

The Microfinance Business Model : Enduring Subsidy and Modest Profit

Cull, Robert - 2017

Recent evidence suggests only modest social and economic impacts of microfinance. Favorable cost-benefit ratios then depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly serving 80.1 million borrowers, to calculate the costs of...

Persistent link: https://www.econbiz.de/10012968214

How Does Long-Term Finance Affect Economic Volatility?

Demirgüç-Kunt, Asli - 2017

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...

Persistent link: https://www.econbiz.de/10012970254

The Impact of the Global Financial Crisis on Firms'Capital Structure

Demirgüç-Kunt, Asli - 2017

Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms' capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...

Persistent link: https://www.econbiz.de/10012970413

The Global Findex Database 2014 : Measuring Financial Inclusion Around the World

Demirgüç-Kunt, Asli - 2017

The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable … indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database …

Persistent link: https://www.econbiz.de/10012971878

Corporate Governance and Bank Insolvency Risk : International Evidence

Anginer, Deniz - 2017

This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. Banks are special in that "good" corporate...

Persistent link: https://www.econbiz.de/10012972797

Deposit Insurance Database

Demirgüç-Kunt, Asli - 2017

This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. The authors extend their earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks' assets and liabilities, including during the...

Persistent link: https://www.econbiz.de/10012973077