Showing 1 - 10 of 374
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012859524
industrial growth in India. The expected annual sales growth rate of an enterprise is lower where labor regulation is greater …
Persistent link: https://www.econbiz.de/10012747623
Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different … twice as important for India as for China, which is much better integrated into global production networks. Even assuming … India also begins to integrate into global production chains and expands exports of manufactures, there seems to be …
Persistent link: https://www.econbiz.de/10012747660
This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and institutional arrangements. Multinational banks' choices...
Persistent link: https://www.econbiz.de/10012859502
Gender disparities in small and medium-size enterprise lending exist around the world and impede the growth of millions of women-led firms. This paper examines a potential driver of these disparities: gender-biased loan officers. Officer bias is measured through a novel loan application...
Persistent link: https://www.econbiz.de/10012845027
This paper presents evidence on implementation of the World Bank Group and Financial Sector Reform and Strengthening Initiative "Principles for Public Credit Guarantee Schemes for Small and Medium Enterprises" . The evidence is based on a self-assessment of 60 schemes in 54 countries. Overall,...
Persistent link: https://www.econbiz.de/10012903107
This paper presents a new family of Stata functions devoted to small area estimation. Small area methods attempt to solve low representativeness of surveys within areas, or the lack of data for specific areas/sub-populations. This is accomplished by incorporating information from outside...
Persistent link: https://www.econbiz.de/10012908607
In many aid projects, monitoring and evaluation is a static exercise driven by donor reporting requirements. After project closure, there are seldom sustainable benefits of the monitoring and evaluation system. This paper examines how monitoring and evaluation can be transformed into a dynamic...
Persistent link: https://www.econbiz.de/10012909675
Developing country governments seek to reduce the pervasive informality of firms for multiple reasons: increasing the tax base, helping firms access formal markets and grow, increasing the rule of law, and as a means to obtain data that can be used for other government functions. However, there...
Persistent link: https://www.econbiz.de/10012910060
Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...
Persistent link: https://www.econbiz.de/10012889427