This paper analyzes how capital requirements from environmental risk exposure affect bank lending to the corporate sector, and how these effects transmit to real economic activity and greenhouse gas emissions...
What is the response of bank foreign subsidiaries to climate policy in their host countries? This paper finds that global banks with high environmental performance increase their presence in countries...
This paper shows expansionary fiscal austerity via reallocation of credit supply, but with a raise in poverty. For identification, the paper exploits the introduction of a Mexican law limiting the debt...
State aid impact evaluation is new in Romania. Given its novelty, the ex post evaluation seeks to provide evidence on how effective state aid has been, on whether state aid distorted competition, and on...
This paper analyzes bank stock prices around the world to assess the impact of the COVID-19 pandemic on the banking sector. Using a global database of policy responses during the crisis, the paper also...
This paper studies the dynamics of credit supply when a negative shock impacts a substantial share of bank loans. The analysis exploits the 2014 collapse of energy prices, using the universe of Mexican...
This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that...
A common strategy to improve access to credit and mitigate the effects from large financial shocks is to channel public funds to firms via private banks at regulated interest rates. Using comprehensive...
This paper links the literatures on technical assistance and access to finance by examining a Mexican program that provided capacity-building grants to nonbank financial institutions (NBFIs) serving micro...
Government interventions to lower interest rates and expand credit to the rural sector are common in developing countries. Some of these policies, like interest rate subsidies, though well-intentioned...
This study collaborated with the Entrepreneurial Finance Lab and a large bank in Peru to use psychometrics for small and medium-size enterprise lending. Applicants used a psychometric tool and those who...
This note shows how big data can help combine experimental with non-experimental approaches in impact evaluations when take-up is low. In this study, author have access to a large administrative data set...
Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe...
Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe...
This paper analyzes the rise and demise of piracy off the coast of Somalia to highlight the interplay between public and private crime protection measures. Using unique data on attacks, hijacks, and ransoms...
This study investigates the existence of political rents in bank lending, using a comprehensive loan-level data set of the universe of commercial loans in Mexico from 2003 to 2012. Identification relies...
This paper empirically examines the determinants of credit at different maturities across European Union countries during the last decade. The paper documents the lengthening of maturities since the early...
This paper identifies the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign...
The World Bank Group, at the request of the Moroccan Central Bank (Banque Al-Maghrib BAM), completed a demand-side assessment on financial capability and inclusion in Morocco. This report is based on a...
This report summarizes the results of the World Bank’s 2013 Financial Capability Survey in Mozambique. The survey was requested by Banco de Mocambique (BdM) as a priority follow-up to the Mozambique Financial...