The introduction of stricter capital adequacy regulation in Japan under the Basel Accord is often blamed for brining on a “capital crunch”: a reduction in bank lending in response to stricter regulations on bank capital. The capital positions of Japanese banks have been under pressure from...

Experimental evidence on a range of interventions in developing countries is accumulating rapidly. Is it possible to extrapolate from an experimental evidence base to other locations of policy interest (from "reference" to "target" sites)? And which factors determine the accuracy of such an...

Experimental evidence on a range of interventions in developing countries is accumulating rapidly. Is it possible to extrapolate from an experimental evidence base to other locations of policy interest (from "reference" to "target" sites)? And which factors determine the accuracy of such an...