Interest in access to finance and awareness of its importance have increased significantly since the early 2000s. Growing evidence suggests that lack of access to credit prevents many households and firms...
This paper studies how firms from developed and developing countries have used domestic and international corporate bond markets since the 1990s. The authors find that debt issues in domestic and international...
This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond markets. Debt issues in domestic and international markets have different characteristics...
This paper documents several new patterns associated with firms issuing securities in foreign markets that motivate the need for and help guide future research. Besides noting that these international...
In recent decades, financial development policies in emerging market economies have been shaped by a fundamental shift toward market-based financial systems and the lessons from financial crises. Today...
Interest in access to finance has increased significantly in recent years, as growing evidence suggests that lack of access to credit prevents lower-income households and small firms from financing high...
Barriers to banking, by Asli Demirguc_Kunt. Finance and opportunity, by Ross Levine and Asli Demirguc_Kunt. Risk taking by banks in transition countries by Paul Wachtel and Rainer Haselmann. Foreign bank...
Barriers to banking, by Asli Demirguc_Kunt. Finance and opportunity, by Ross Levine and Asli Demirguc_Kunt. Risk taking by banks in transition countries by Paul Wachtel and Rainer Haselmann. Foreign bank...
Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and...
Over the past decades, many countries have implemented significant reforms to foster capital market development. Latin American countries were at the forefront of this process. The authors analyze where...
This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America...
By documenting the evolution of Tobin's q before, during, and after firms internationalize, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization...