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Growth of Global Corporate Debt : Main Facts and Policy Challenges

Abraham, Facundo - 2020

This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...

Persistent link: https://www.econbiz.de/10012823367

Financial Globalization : A Glass Half Empty?

Abraham, Facundo - 2017

Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have … significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from … financial globalization (such as additional funding, broad diversification, and deeper financial systems), the positive effects …

Persistent link: https://www.econbiz.de/10012947853

Incidence of the Digital Economy and Frictional Unemployment : International Evidence

Lederman, Daniel - 2020

This paper is the first to quantify the relationship between the incidence of the digital economy and long-term frictional unemployment across countries. The resulting evidence indicates that there is a robust, negative partial correlation between national unemployment rates and the incidence of...

Persistent link: https://www.econbiz.de/10012840289

Global Corporate Debt During Crises : Implications of Switching Borrowing Across Markets

Cortina Lorente, Juan Jose - 2020

This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...

Persistent link: https://www.econbiz.de/10012842157

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

Stages of Development of Payment Systems : Leapfrogging Across Countries and Mena's Place in the World

Gevaudan, Clement - 2020

This paper studies the relationship between the level of economic development and the incidence of three forms of payments across countries, namely the incidence of bank accounts, digital payments, and mobile money accounts among the adult populations across countries. It presents simple...

Persistent link: https://www.econbiz.de/10012844587

Effects of Income Inequality on Aggregate Output

Brueckner, Markus - 2017

This paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 countries during the period 1970?2010. The empirical analysis addresses endogeneity issues by using instrumental variables estimation and controlling for country and time fixed...

Persistent link: https://www.econbiz.de/10012971546

Structural Reforms and Labor Market Outcomes : International Panel Data Evidence

Hollweg, Claire H. - 2017

collected from a variety of sources, including the World Bank World Development Indicators, the International Monetary Fund …

Persistent link: https://www.econbiz.de/10012972444

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

Monitoring Export Vulnerability to Changes in Growth Rates of Major Global Markets

Hollweg, Claire H. - 2017

commodities and differentiated products. This methodology is applied to six developing countries, one from each World Bank region …

Persistent link: https://www.econbiz.de/10012974830