World Bank home
THE WORLD BANK GROUP A World Free of Poverty World Bank home
Home
navigation
Development Economics Vice Presidency Special Interest Research Advisory Group EDI Development Economics Chief Economist Prospects Data Research
IMAGES/SPACER.GIF (44 bytes) IMAGES/VFADE.GIF (350 bytes)IMAGES/SPACER.GIF (44 bytes)

Policy Research Working Papers: Abstracts

Domestic finance and capital markets

Abstracts and full-length papers in PDF are available here for a particular topic. For information about the Working Papers series, guidelines for use and citations, and lists of papers on other topics, see the Working Papers homepage.


2183. Market Discipline and Financial Safety Net Design
Asl1 Demirgüç-Kunt and Harry Huizinga

2177. Fiscal Adjustment and Contingent Government Liabilities: Case Studies of the Czech Republic and Macedonia
Hana Polackova Brixi, Hafez Ghanem , and Roumeen Islam

2176. Fiscal Risks and the Quality of Fiscal Adjustment in Hungary
Hana Polackova Brixi, Anita Papp, and Allen Schick

2170. The Distributional Consequences of Monetary Policy: Evidence from Malaysia
Ilker Domaç

2158. The Effect of Foreign Entry on Argentina's Domestic Banking Sector
George R. G. Clarke, Robert Cull, Laura D'Amato, Andrea Molinari

2146. A New Database on Financial Development and Structure
Thorsten Beck, Asl1 Demirgüç-Kunt, and Ross Levine

2143. Bank-Based and Market-Based Financial Systems: Cross-Country Comparisons
Asl1 Demirgüç-Kunt and Ross Levine

2099. Mutual Funds and Institutional Investments: What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
Estelle James, Gary Ferrier, James Smalhout, and Dimitri Vittas

2089. Corporate Diversification in East Asia: The Role of Ultimate Ownership and Group Affiliation
Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Larry H.P. Lang

2088. Expropriation of Minority Shareholders: Evidence from East Asia
Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Larry H.P. Lang

2085. Monitoring Banking Sector Fragility: A Multivariate Logit Approach with an Application to the 1996–97 Banking Crises
Asli Demirgüç-Kunt and Enrica Detragiache

2062. Does Financial Reform Increase or Reduce Savings?
Oriana Bandiera, Gerard Caprio, Jr., Patrick Honohan, and Fabio Schiantarelli

2061. A Framework for Regulating Microfinance Institutions
Hennie Van Greunin, Joselito Gallardo, and Bikki Randhawa

2059. Financial Intermediation and Growth: Causality and Causes
Ross Levine, Norman Loayza, and Thorsten Beck

2058. Do Depositors Punish Banks for "Bad" Behavior? Market Discipline in Argentina, Chile, and Mexico
Maria Soledad Martinez Peria and Sergio L. Schmukler

2057. Finance and the Sources of Growth
Thorsten Beck, Ross Levine, and Norman Loayza

2037. Financial Regulation and Performance: Cross-Country Evidence
James R. Barth, Gerard Caprio, Jr., and Ross Levine

2033. Diversification and Efficiency of Investment by East Asian Corporations
Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Harry H.P. Lang

2032. Institutional Investors and Securities Markets: Which Comes First?
Dimitri Vittas

2030. The Political Economy of Financial Repression in Transition Economies
Cevdet Denizer, Raj M. Desai, and Nikolay Gueorguiev

2026. Circuit Theory of Finance and the Role of Incentives in Financial Sector Reform
Biagio Bossone

2024. Re-Engineering Insurance Supervision
Lawrie Savage

2023. Capital Inflow Reversals, Banking Stability, and Prudential Regulation in Central and Eastern Europe
Samuel Talley, Marcelo M. Giugale, and Rossana Polastri

2017. Corporate Growth, Financing, and Risks in the Decade before East Asia's Financial Crisis
Stijn Claessens, Simeon Djankov, and Larry Lang

2016. Financial Services for the Urban Poor: South Africa's E Plan
Jo Ann Paulson and James McAndrews

2013. A New Database on Investment and Capital for Agriculture and Manufacturing
Al Crego, Donald Larson, Rita Butzer, and Yair Mundlak

1993. Financial Safety Nets and Incentive Structures in Latin America
Philip L. Brock

1990. The East Asia Crisis and Corporate Finances: The Untold Micro Story
Michael Pomerleano

1981. Evaluating Public Expenditures When Governments Must Rely on Distortionary Taxation
James E. Anderson and Will Martin

1979. Banking on Crises: Expensive Lessons from Recent Financial Crises
Gerard Caprio, Jr.

1977. Economic Reforms in Egypt: Emerging Patterns and Their Possible Implications
Rania A. Al-Mashat and David A. Grigorian

1972. Why Privatize? The Case of Argentina's Public Provincial Banks
George R.G. Clarke and Robert Cull

1962. The Political Economy of Privatization: An Empirical Analysis of Bank Privatization in Argentina
George R.G. Clarke and Robert Cull

1946. Estonia: The Challenge of Financial Integration
Carlos Cavalcanti and Daniel Oks

1927. Revenue-Productive Income Tax Structures and Tax Reforms in Emerging Market Economies: Evidence from Bulgaria
Fareen M.A. Hassan

1918. How Does Foreign Entry Affect the Domestic Banking Market?
Stijn Claessens, Asli Demirgüç-Kunt, and Harry Huizinga

1917. Financial Liberalization and Financial Fragility
Asli Demirgüç-Kunt and Enrica Detragiache

1913. The 1994 Currency Crisis in Turkey
Oya Celasun

1907. Development Expenditures and the Local Financing Constraint
Albert D.K. Agbonyitor

1903. Taxing Capital Income in Hungary and the European Union
Jean-Jacques Dethier and Christoph John

1900. Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence
Asli Demirgüç-Kunt and Harry Huizinga

1894. Applying a Simple Measure of Good Governance to the Debate on Fiscal Decentralization
Jeff Huther and Anwar Shah

1892. The Role of Non-Bank Financial Intermediaries (with Particular Reference to Egypt)
Dimitri Vittas

1887. The Structure of Derivatives Exchanges: Lessons from Developed and Emerging Markets
George Tsetsekos and Panos Varangis

1885. Aid, Taxation, and Development: Analytical Perspectives on Aid Effectiveness in Sub-Saharan Africa
Christopher S. Adam and Stephen A. O'Connell

1884. Fiscal Aspects of Evolving Federations: Issues for Policy and Research
David E. Wildasin

1880. Foreign Aid and Rent-Seeking
Jakob Svensson

1878. Searching for Sustainable Microfinance: A Review of Five Indonesian Initiatives
R. Marisol Ravicz

1875. How Deposit Insurance Affects Financial Depth (A Cross-Country Analysis)
Robert Cull

1869. Risk Reducation and Public Spending
Shantayanan Devarajan and Jeffrey S. Hammer

1861. Infrastructure Project Finance and Capital Flows: A New Perspective
Mansoor Dailami and Danny Leipziger

1843. Externalities and Bailouts: Hard and Soft Budget Constraints in Intergovernmental Fiscal Relations
David E. Wildasin

1840. Efficient Public Sector Downsizing
Martin Rama

1833. Cost Recovery and Pricing of Payment Services
David B. Humphrey, Robert H. Keppler, and Fernando Montes-Negret

1828. The Determinants of Banking Crises: Evidence from Industrial and Developing Countries
Asli Demirgüç-Kunt and Enrica Detragiache

1804. Financial Sector Adjustment Lending: A Mid-Course Analysis
Robert J. Cull

1794. Ownership Structure, Corporate Governance, and Corporate Performance: The Case of Chinese Stock Companies
Xiaonian Xu and Yan Wang

1778. How Government Policies Affect the Relationship Between Polish and World Wheat Prices
Szczepan Figiel, Tom Scott, and Panos Varangis

1746. The Role of Long-Term Finance: Theory and Evidence
Gerard Caprio, Jr. and Asli Demirgüç-Kunt

1739. Safe and Sound Banking in Developing Countries: We're Not in Kansas Anymore
Gerard Caprio, Jr

1725. Access to Long-Term Debt and Effects on Firms' Performance: Lessons from Ecuador
Fidel Jaramillo and Fabio Schiantarelli

1724. Debt Maturity and Firm Performance: A Panel Study of Indian Companies
Fabio Schiantarelli and Vivek Srivastava

1713. Why Did Colombian Private Savings Decline in the Early 1990s?
Alejandro López

1705. The Polish Experience with Bank and Enterprise Restructuring
Fernando Montes-Negret and Luca Papi

1699. The Maturity Structure of Debt: Determinants and Effects on Firms' Performance—Evidence from the United Kingdom and Italy
Fabio Schiantarelli and Alessandro Sembenelli

1697. Strategies to Develop Mortgage Markets in Transition Economies
Dwight M. Jaffee and Bertrand Renaud

1692. Regulating Market Risk in Banks: A Comparison of Alternative Regulatory Regimes
Constantinos Stephanou

1690. Stock Markets, Banks, and Economic Growth
Ross Levine and Sara Zervos

1686. Institutions, Financial Markets, and Firms' Choice of Debt Maturity
Asli Demirgüç-Kunt and Vojislav

1683. High Real Interest Rates, Guarantor Risk, and Bank Recapitalizations
Philip L. Brock

1680. Brazil's Efficient Payment System: A Legacy of High Inflation
Robert Listfield and Fernando Montes-Negret

1678. Financial Development and Economic Growth: Views and Agenda
Ross Levine

1676. The Evolution of Payments in Europe, Japan, and the United States: Lessons for Emerging Market Economies
David B. Humphrey, Setsuya Sato, Masayoshi Tsurumi, and Jukka M. Vesala

1671. Financial Constraints, Uses of Funds, and Firm Growth: An International Comparison
Asli Demirgüç-Kunt and Vojislav Maksimovic

1656. The Investment Decision: A Re-Examination of Competeing Theories Using Panel Data
Cherian Samuel

1648. The Lender of Last Resort Function Under a Currency Board: The Case of Argentina
Gerard Caprio, Jr., Michael Dooley, Danny Leipziger, and Carl Walsh

1592. The Stockmarket as a Source of Finance: A Comparison of U.S. and Indian Firms
Cherian Samuel

1589. The Analysis of Emerging Policy Issues in Development Finance
Sudarshan Gooptu

1582. Stock Market Development and Long-Run Growth
Ross Levine and Sara Zervos

1578. Stock Market and Investment: The Governance Role of the Market
Cherian Samuel

1574. Bank Regulation: The Case of the Missing Model
Gerard Caprio, Jr.

1566. Liquidity, Banks, and Markets: Effects of Financial Development on Banks and the Maturity of Financial Claims
Douglas W. Diamond

1541. Deposit Insurance
Eugene White

1540. Thrift Deposit Institutions in Europe and the United States
Dimitri Vittas

1539. The Rise of Securities Markets: What Can Government Do?
Richard Sylla

1538. Contingent Liability in Banking: Useful Policy for Developing Countries?
Anthony Saunders and Berry Wilson

1537. Before Main Banks: A Selective Historical Overview of Japan's Prewar Financial System
Frank Packer

1536. Free Banking: The Scottish Experience as a Model for Emerging Economies
Randall Kroszner

1535. Financial History: Lessons of the Past for Reformers of the Present
Gerard Caprio, Jr. and Dimitri Vittas

1533. Universal Banking and the Financing of Industrial Development
Charles W. Calomiris

1532. Regulation and Bank Stability: Canada and the United States, 1870 - 1980
Michael Bordo

1529. Interest Rates, Credit, and Economic Adjustment in Nicaragua
Ulrich Lächler

1519. Payment Systems in Latin America: A Tale of Two Countries—Colombia and El Salvador
Robert Listfield and Fernando Montes-Negret

1512. The World Bank Primer on Reinsurance
Donald A. McIsaac and David F. Babbel

1511. Default Risk and the Effective Duration of Bonds
David F. Babbel, Craig Merrill, and William Panning

1505. The Cross-Section of Stock Returns: Evidence from Emerging Markets
Stijn Claessens, Susmita Dasgupta, and Jack Glen

1504. Savings and Education: A Life-Cycle Model Applied to a Panel of 74 Countries
Jacques Morisset and César Revoredo

1482. A Measure of Stock Market Integration for Developed and Emerging Markets
Robert A. Korajczyk

1462. Stock Market Development and Financial Intermediaries: Stylized Facts
Asli Demirgüç-Kunt and Ross Levine

1461. Stock Market Development and Firm Financing Choices
Asli Demirgüç-Kunt and Vojislav Maksimovic

1456. Equity Markets, Transaction Costs, and Capital Accumulation: An Illustration
Valerie R. Bencivenga, Bruce D. Smith, and Ross M. Starr

1451. Tunisia's Insurance Sector
Dimitri Vittas

1443. Policy-Based Finance, Financial Regulation, and Financial Sector Development in Japan
Dimitri Vittas and Akihiko Kawaura

1432. Using Financial Futures in Trading and Risk Management
Ignacio Mas and Jesús Saá-Requejo


Return to Working Papers homepage.


Footer Showcase sites Site map Feedback Search World Bank home