Documents & Reports

Asli Demirguc-Kunt

Director

 

Asli Demirguc-Kunt, Director of Research 
Asli Demirgüç-Kunt
 
Contacts
Email Asli Demirgüç-Kunt at ADemirguc-Kunt@worldbank.org
 
 
Resources
CV (33kb)
All About Finance (blog) 
Website
 
 
Related Links
Research Department 
Finance and Private Sector Development Research Group
 

 

 

 

 

 

 

 

 
ASLI DEMIRGÜÇ-KUNT is the Director of Research in the World Bank. After joining the Bank in 1989 as a Young Economist, she has held different positions, including Director of Development Policy, Chief Economist of Financial and Private Sector Development Network, and Senior Research Manager, doing research and advising on financial sector and private sector development issues. She is the lead author of World Bank Policy Research Report 2007, Finance for All? Policies and Pitfalls in Expanding Access. She has also created the World Bank’s Global Financial Development Report and directed the issues on Rethinking the Role of the State in Finance (2013), and Financial Inclusion (2014).

The author of over 100 publications, Ms. Demirgüç-Kunt has published widely in academic journals. Her research has focused on the links between financial development and firm performance and economic development. Banking crises, financial regulation, access to financial services including SME finance are among her areas of research. Prior to coming to the Bank, she was an Economist at the Federal Reserve Bank of Cleveland. She holds a Ph.D. and M.A. in economics from the Ohio State University.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Works by this author


  

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Corporate governance and bank insolvency risk : international evidence (English)

This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. ... See More +

Policy Research Working Paper WPS7017 SEP 01, 2014

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; Ma, Kebin

Does local financial development matter for firm lifecycle in India ? (English)

The differences in financial development across Indian states, while seeming substantial, have a minor effect on firm lifecycle and growth. These results hold controlling for differences in labor regulations across states, capital intensity, and for firms born before and after the major reforms. ... See More +

Policy Research Working Paper WPS7008 AUG 01, 2014

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav

Deposit insurance database (English)

This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. The authors extend their earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks' assets and liabilities, including during the recent global financial crisis. ... See More +

Policy Research Working Paper WPS6934 JUN 01, 2014

Demirguc-Kunt, Asli; Kane, Edward; Laeven, Luc

Bank capital and systemic stability (English)

This paper distinguishes among various types of capital and examines their effect on system-wide fragility. The analysis finds that higher quality forms of capital reduce the systemic risk contribution of banks, whereas lower quality forms can have a destabilizing impact, particularly during crisis periods. ... See More +

Policy Research Working Paper WPS6948 JUN 01, 2014

Anginer, Deniz; Demirguc-Kunt, Asli

Size and age of establishments: evidence from developing countries (English)

Survey data from 120 developing countries are used to examine the relation between establishment size and age in the formal sector. Existing research suggests that manufacturing establishments in developing countries do not grow over time, most likely because of market imperfections and regulations. ... See More +

Policy Research Working Paper WPS6718 DEC 01, 2013

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav

How does corporate governance affect bank capitalization strategies ? (English)

This paper examines how corporate governance and executive compensation affected bank capitalization strategies for an international sample of banks in 2003-2011. ... See More +

Policy Research Working Paper WPS6636 OCT 01, 2013

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; Ma, Kebin

Islamic finance and financial inclusion: measuring use of and demand for formal financial services among Muslim adults (English)

In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. ... See More +

Policy Research Working Paper WPS6642 OCT 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas

The Global Findex database : financial inclusion of youth (English)

Younger adults make up a disproportionately large share of unbanked adults worldwide. Data from the Global Financial Inclusion (Global Findex) database show that 44 percent of youth (ages 18-25) have an account at a formal financial institution, compared with 55 percent of older adults (ages 26-64). ... See More +

Brief 82398 OCT 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Kumar, Atisha; Randall, Douglas

The Global Findex database : Islamic finance and financial inclusion (English)

Compared with non-Muslims, self-identified Muslims are significantly less likely to own a formal account or save at a formal financial institution, after controlling for other individual and country characteristics, according to recent research using Global Findex data. ... See More +

Brief 82401 OCT 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas

Rethinking the state's role in finance (English)

The global financial crisis has given greater credence to the idea that active state involvement in the financial sector can be helpful for stability and development. ... See More +

Policy Research Working Paper WPS6400 APR 01, 2013

Cihak, Martin; Demirguc-Kunt, Asli

Financial inclusion and legal discrimination against women : evidence from developing countries (English)

This paper documents and analyzes gender differences in the use of financial services using individual-level data from 98 developing countries. ... See More +

Policy Research Working Paper WPS6416 APR 01, 2013

Klapper, Leora; Singer, Dorothe; Demirguc-Kunt, Asli

The Global Findex database : financial inclusion in Europe and Central Asia (English)

In Europe and Central Asia 45 percent of adults have an account with a formal financial institution though just 7 percent report having saved formally in the past year, according to new data from the Global Financial Inclusion (Global Findex) database. ... See More +

Brief 82393 APR 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas Russian

The Global Findex database : financial inclusion in Europe and Central Asia (Russian)

In Europe and Central Asia 45 percent of adults have an account with a formal financial institution though just 7 percent report having saved formally in the past year, according to new data from the Global Financial Inclusion (Global Findex) database. ... See More +

Brief 82393 APR 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas English

The Global Findex database : women and financial inclusion (English)

Women make up a disproportionately large share of unbanked adults worldwide, according to new data from the Global Financial Inclusion (Global Findex) database. ... See More +

Brief 82397 APR 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Singer, Dorothe

The Global Findex database : financial inclusion in fragile and conflict-affected states (English)

In fragile and conflict-affected states just 15 percent of adults have an account at a formal financial institution while 26 percent report having saved in the past year, according to new data from the Global Financial Inclusion (Global Findex) database. ... See More +

Brief 82394 FEB 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas

The Global Findex database : financial inclusion in India (English)

In India 35 percent of adults have a formal account and 8 percent a formal loan, according to new data from the Global Financial Inclusion (Global Findex) database. ... See More +

Brief 82396 FEB 01, 2013

Demirguc-Kunt, Asli; Klapper, Leora; Randall, Douglas

Incentive audits : a new approach to financial regulation (English)

A large body of evidence points to misaligned incentives as having a key role in the run-up to the global financial crisis. These include bank managers' incentives to boost short-term profits and create banks that are "too big to fail," regulators' incentives to forebear and withhold information from other regulators in stressful times, and credit rating agencies' incentives to keep issuing high ratings for subprime assets. ... See More +

Policy Research Working Paper WPS6308 JAN 01, 2013

Johnston, R. Barry; Cihak, Martin; Demirguc-Kunt, Asli

Bank regulation and supervision around the world : a crisis update (English)

This paper presents the latest update of the World Bank Bank Regulation and Supervision Survey, and explores two questions. First, were there significant differences in regulation and supervision between crisis and non-crisis countries? ... See More +

Policy Research Working Paper WPS6286 DEC 01, 2012

Mohseni-Cheraghlou, Amin; Peria, Maria Soledad Martinez; Cihak, Martin; Demirguc-Kunt, Asli

How does deposit insurance affect bank risk ? evidence from the recent crisis (English)

Deposit insurance is widely offered in a number of countries as part of a financial system safety net to promote stability. An unintended consequence of deposit insurance is the reduction in the incentive of depositors to monitor banks, which leads to excessive risk-taking. ... See More +

Policy Research Working Paper WPS6289 DEC 01, 2012

Anginer, Deniz; Zhu, Min; Demirguc-Kunt, Asli

The foundations of financial inclusion : understanding ownership and use of formal accounts (English)

Financial inclusion -- defined here as the use of formal accounts -- can bring many welfare benefits to individuals. Yet the authors know very little about the factors underpinning financial inclusion across individuals and countries. ... See More +

Policy Research Working Paper WPS6290 DEC 01, 2012

Allen, Franklin; Demirguc-Kunt, Asli; Klapper, Leora; Martinez Peria, Maria Soledad

Title Document Date Report No. Document Type Also available in
Corporate governance and bank insolvency risk : international evidence (English)
See More +
SEP 01, 2014 WPS7017 Policy Research Working Paper
Does local financial development matter for firm lifecycle in India ? (English)
See More +
AUG 01, 2014 WPS7008 Policy Research Working Paper
Deposit insurance database (English)
See More +
JUN 01, 2014 WPS6934 Policy Research Working Paper
Bank capital and systemic stability (English)
See More +
JUN 01, 2014 WPS6948 Policy Research Working Paper
Size and age of establishments: evidence from developing countries (English)
See More +
DEC 01, 2013 WPS6718 Policy Research Working Paper
How does corporate governance affect bank capitalization strategies ? (English)
See More +
OCT 01, 2013 WPS6636 Policy Research Working Paper
Islamic finance and financial inclusion: measuring use of and demand for formal financial services among Muslim adults (English)
See More +
OCT 01, 2013 WPS6642 Policy Research Working Paper
The Global Findex database : financial inclusion of youth (English)
See More +
OCT 01, 2013 82398 Brief
The Global Findex database : Islamic finance and financial inclusion (English)
See More +
OCT 01, 2013 82401 Brief
Rethinking the state's role in finance (English)
See More +
APR 01, 2013 WPS6400 Policy Research Working Paper
Financial inclusion and legal discrimination against women : evidence from developing countries (English)
See More +
APR 01, 2013 WPS6416 Policy Research Working Paper
The Global Findex database : financial inclusion in Europe and Central Asia (English)
See More +
APR 01, 2013 82393 Brief Russian
The Global Findex database : financial inclusion in Europe and Central Asia (Russian)
See More +
APR 01, 2013 82393 Brief English
The Global Findex database : women and financial inclusion (English)
See More +
APR 01, 2013 82397 Brief
The Global Findex database : financial inclusion in fragile and conflict-affected states (English)
See More +
FEB 01, 2013 82394 Brief
The Global Findex database : financial inclusion in India (English)
See More +
FEB 01, 2013 82396 Brief
Incentive audits : a new approach to financial regulation (English)
See More +
JAN 01, 2013 WPS6308 Policy Research Working Paper
Bank regulation and supervision around the world : a crisis update (English)
See More +
DEC 01, 2012 WPS6286 Policy Research Working Paper
How does deposit insurance affect bank risk ? evidence from the recent crisis (English)
See More +
DEC 01, 2012 WPS6289 Policy Research Working Paper
The foundations of financial inclusion : understanding ownership and use of formal accounts (English)
See More +
DEC 01, 2012 WPS6290 Policy Research Working Paper