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Credit-less recoveries : neither a rare nor an insurmountable challenge (English)

This paper examines why some countries experience economic recoveries without pick-up of bank credit (credit-less) and how different this recovery pattern is from the case where credit is increased as an economy recovers (credit-with). ... See More +

Policy Research Working Paper WPS6459 MAY 01, 2013

Sugawara, Naotaka; Zalduendo, Juan Disclosed

Stress-testing croatian households with debt -- implications for financial stability (English)

The purpose of this paper is to stress test the resilience of Croatian households with debt to economic shocks. The shocks not only impact a household's welfare, but also increase the probability of loan default. ... See More +

Policy Research Working Paper WPS5906 DEC 01, 2011

Sugawara, Naotaka; Zalduendo, Juan Disclosed

Banking flows and financial crisis -- financial interconnectedness and basel III effects (English)

This paper examines the factors that determine banking flows from advanced economies to emerging markets. In addition to the usual determinants of capital flows in terms of global push and local pull factors, it examines the role of bilateral factors, such as growth differentials and economic size, as well as contagion factors and measures of the depth in financial interconnectedness between lenders and borrowers. ... See More +

Policy Research Working Paper WPS5769 AUG 01, 2011

Ghosh, , Swati R.; Sugawara, Naotaka; Zalduendo, Juan Disclosed

Bank flows and Basel III : determinants and regional differences in emerging markets (English)

The global financial crisis has led to a range of reform proposals concerning the regulatory framework governing the banking sector collectively referred to as 'Basel III.' ... See More +

Brief 61405 APR 01, 2011

Ghosh, Swati; Sugawara, Naotaka; Zalduendo, Juan Disclosed

Finding a balance between growth and vulnerability trade-offs : lessons from emerging Europe and the CIS (English)

This paper examines the growth patterns of emerging Europe and the Commonwealth of Independent States (CIS) countries prior to the global financial crisis. ... See More +

Policy Research Working Paper WPS5592 MAR 01, 2011

Ghosh, Swati; Sugawara, Naotaka; Zalduendo, Juan Disclosed

Turmoil at twenty : recession, recovery, and reform in Central and Eastern Europe and the Former Soviet Union (English)

This book, written on the eve of the 20th anniversary of the fall of the Berlin wall in 1989, addresses three questions that relate to recession, recovery, and reform, respectively, in Europe and Central Asia's (ECA's) transition countries. ... See More +

Publication 51571 OCT 30, 2009

Mitra, Pradeep; Selowsky, Marcelo; Zalduendo, Juan; Disclosed

Forest taxes, government revenues, and the sustainable exploitation of tropical forests (English)

This paper presents a model of forester, and government behavior applicable to the Central African context. The aim of the model is to gain insights on the role of different fiscal instruments at the disposal of governments, for achieving the dual objective of environmental sustainability, and revenue maximization. ... See More +

Working Paper (Numbered Series) 22695 JAN 31, 2000

Barbone, Luca; Zalduendo, Juan

EU (European Union) accession of central and eastern Europe : bridging the income gap (English)

Joining the European Union (EU) is perhaps the key political and economic objective of Central and Eastern European (CEE) countries as they approach the 21st century. ... See More +

Policy Research Working Paper WPS1721 FEB 28, 1997

Barbone, Luca; Zalduendo, Juan