Showing 41 - 50 of 11,907
Since 1994, the World Bank has provided partial credit guarantees to private financiers of several large infrastructure projects in developing countries. A major objective of the partial guarantee program is to leverage Bank resources so as to provide developing countries with better private...
Persistent link: https://www.econbiz.de/10005133883
To control the expansion of government contingent liabilities and reduce fiscal vulnerability, one must be able to identify and measure them. The authors discuss how this may be done and demonstrate how the assessment of fiscal adjustment may change substantially when a broader picture of...
Persistent link: https://www.econbiz.de/10005030440
The government of Hungary has contained the main fiscal risks of the transition to a market economy. It has paid off and resolved most problems in the banking and enterprise sectors. Since 1995 it has implemented fiscal adjustment with the objective of long-term fiscal stability rather than an...
Persistent link: https://www.econbiz.de/10005116151
This paper describes the recent trends in foreign bank ownership in developing countries, summarizes the existing evidence on the causes and implications of foreign bank presence, and reexamines the link between banking crises and foreign bank participation. Using data on the share of banking...
Persistent link: https://www.econbiz.de/10005079604
The author uses a linear programming technique (data envelopment analysis) to estimate the inefficiencies of banks in Indonesia, the Republic of Korea, Malaysia, the Philippines, and, Thailand. He applies this technique to the pre-crisis period 1992-96. Assessing a Bank's overall performance...
Persistent link: https://www.econbiz.de/10005079540
Financial crises affect income distribution by way of different channels. The authors argue that financial transfers are an important channel which has been overlooked by the literature. They study the role of financial transfers by analyzing some of the most severe Latin American crises during...
Persistent link: https://www.econbiz.de/10005079564
The authors analyze how foreign entry affected domestic banks in Argentina during an especially intense period of entry in the mid-1990s. Their results are consistent with the hypothesis that foreign banks enter areas where they have a competitive advantage, putting pressure on the domestic...
Persistent link: https://www.econbiz.de/10005079605
The author investigates whether the credit channel is a key monetary transmission mechanism in the Republic of Korea, especially after its recent financial crisis. To identify the existence of a distinctive credit channel (especially the bank lending channel), he applies two empirical tests to...
Persistent link: https://www.econbiz.de/10005079660
Using bank data for 80 countries for 1988-95, the authors show that differences in interest margins and bank profitability reflect various determinants: bank characteristics, macroeconomic conditions, explicit and implicit bank taxes, regulation of deposit insurance, general financial structure,...
Persistent link: https://www.econbiz.de/10005079713
Between 1983 and 1986, Malaysia embarked on a structural adjustment program to control its fiscal and balance of payments deficits. In reaction to the shock of sharply declining commodity prices, the Malaysian government drastically cut back on public spending and allowed the exchange rate to...
Persistent link: https://www.econbiz.de/10005079749