Now showing items 31-40 of 126
The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals
(2009-09-10)
It is generally presumed that strengthening legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This is based on an implicit
assumption ...
Assessing Ukrainian Banking Performance Before and After the Crisis
(2012-02-27)
The main goal of this paper is to analyze the impact of the 2008 global financial crisis on the Ukrainian financial system, and on Ukrainian bank performance. Our analysis is based on key bank performance
indicators from ...
When Does FDI Have Positive Spillovers? Evidence from 17 Emerging Market Economies
(2008-10-17)
We use firm-level data and national input-output tables from 17 countries over the 2002-2005period to test new and existing hypotheses about the impact of foreign direct investment (FDI)on the efficiency of domestic firms ...
Globalization, Domestic Institutions and Enforcement of Labor Law: Evidence from Latin America
(2010-11-10)
This paper provides new measures of government enforcement of labor regulations in Latin America and explores how it is affected by external and domestic factors. Using a panel of presidential terms in 18 Latin American ...
Globalization’s Bystanders: Does Trade Liberalization Hurt Countries that Do Not Participate?
(2006-04-06)
This paper uses trade theory to examine the effects of trade liberalization on countries that do not participate in it. These include both countries that fail to participate in multilateral trade negotiations, and also ...
Prospect Theory and Market Liquidity
(2009-09-10)
We study equilibrium trading strategies, market liquidity, and price efficiency in an economy in which a fraction of better-informed speculators displays preferences consistent with Kahneman and Tversky’s (1979) Prospect ...
Government Intervention and Strategic Trading in the U.S. Treasury Market
(2011-03-15)
We study the impact of outright (i.e., permanent) Open Market Operations (POMOs) by the Federal Reserve Bank of New York (FRBNY) on the microstructure of the secondary U.S. Treasury market. POMOs are trades in U.S. Treasury ...
Are Women More Credit Constrained? Experimental Evidence on Gender and Microenterprise Returns
(2008-10-15)
This paper analyzes data from a randomized experiment on mean returns to capital in Sri
Lankan micro-enterprises. The findings show greater returns among men than among women; indeed, returns were not different from zero ...
Do Institutions, Ownership, Exporting and Competition Explain Firm Performance?
(2008-08-15)
We analyse a large stratified random sample of firms that provide measures of each firm’s top manager’s perception of the severity of business environment constraints. Specifically, we use the 2005 and 2002 Business ...