Documents & Reports
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What makes a currency procyclical? An empirical investigation (English)
This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries’ currencies as pro-cyclical if they appreciate in good times...
Document Type: Journal Article Report No.: 100264 Document Date: March 11, 2015 Disclosure Status: Disclosed Author: Cordella,Tito,Gupta, Poonam
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The financing and growth of firms in China and India : evidence from capital markets (English)
The author studies the extent to which firms from China and India use capital markets to obtain financing and grow. Using a unique data set on domestic and international capital raising activity and firm...
Document Type: Journal Article Report No.: 82876 Document Date: December 1, 2013 Disclosure Status: Disclosed Author: Didier Brandao,Tatiana,Schmukler,Sergio L.
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To give or to forgive? Aid versus debt relief (English)
Is generalized debt relief an effective development strategy, or should assistance be tailored to countries characteristics? To answer this question, the authors build a simple model in which recipient...
Document Type: Journal Article Report No.: 83340 Document Date: October 1, 2013 Disclosure Status: Disclosed Author: Cordella,Tito,Missale,Alessandro
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How resilient and countercyclical were emerging economies to the global financial crisis? (English)
During the crises of the 1990s, emerging economies usually lacked the policy tools to deal with external shocks that were available to advanced economies. Worldwide turbulent episodes found most emerging...
Document Type: Journal Article Report No.: 83337 Document Date: December 1, 2012 Disclosure Status: Disclosed Author: Didier Brandao,Tatiana,Hevia,Constantino,Schmukler,Sergio L.