The aim of this edition of global development horizons is to build scenarios for the global economy over, roughly, the next two decades, with special focus given to saving and investment. Developing countries'...
The aim of this edition of global development horizons is to build scenarios for the global economy over, roughly, the next two decades, with special focus given to saving and investment. Developing countries'...
The international banking industry faces a challenging future, having to consolidate at a time of heightened global financial volatility, anemic growth in advanced countries, and shifting global growth...
Three years into the euro area sovereign debt crisis, investors continue to shun periphery government bonds, European banks are under severe funding pressures in both the dollar and euro private term markets...
This paper studies the factors associated with outbound bilateral mergers and acquisitions (M&A) activity by firms located in emerging economies. The authors document recent trends in emerging market M&A...
The world economy is in the midst of a transformative change. One of the most visible outcomes of this transformation is the rise of a number of dynamic emerging-market countries to the helm of the global...
The world economy is in the midst of a transformative change. One of the most visible outcomes of this transformation is the rise of a number of dynamic emerging-market countries to the helm of the global...
This book examines the 35-year career of Vinod Thomas. He spent those 35 years within the World Bank Group in different positions and in different regions. This book is organized in four parts. First...
In much of the standard corporate finance literature in which sovereign debt is treated as a risk free asset, corporate bond prices are seen to depend on idiosyncratic risk factors specific to the issuing...
Backed by rapid economic growth, growing financial clout, and a newfound sense of assertiveness in recent years, the BRIC countries - Brazil, Russia, India, and China - are a driving force behind an incipient...
The Economic Development Institute (EDI), in partnership with the University of Maryland Business School conducted a core course on infrastructure finance in Washington, D.C., from June 15-26, 1998. A...
The current financial crisis has highlighted the danger that declines in confidence can have a self-fulfilling effect on economic activity. In this paper, the authors consider ways of measuring investor...
The globalization of corporate finance also points to other challenges. As emerging-market corporations have expanded their international operations, they have increased their exposure to interest rate...
Global Development Finance is the World Bank's annual review of global financial conditions facing developing countries. The current volume provides analysis of key trends and prospects, including coverage...
The authors offer evidence that U.S. interest rate policy has an important influence in the determination of credit spreads on emerging market bonds over U.S. benchmark treasuries and therefore on their...
This report is comprised of two volumes. Global Development Finance 2005 I: Analysis and Statistical Appendix addresses two key challenges in development finance: first, how to raise resources flowing...
This report is comprised of two volumes. Global Development Finance 2005 I: Analysis and Statistical Appendix addresses two key challenges in development finance: first, how to raise resources flowing...
This report is comprised of two volumes. Global Development Finance 2005 I: Analysis and Statistical Appendix addresses two key challenges in development finance: first, how to raise resources flowing...
The emergence in the 1990s of a nascent project bond market to fund long-term infrastructure projects in developing countries merits attention. The authors compile detailed information on a sample of 105...
Inherent in pursuing openness to international capital flows is an awareness that it brings both benefits and risks. Much of the current debate is about how best to balance them. Major benefits for developing...