In the presence of binding financial regulations and opaque market structures, the bad bank model with little oversight on NPL transactions can incentivize banks to devise transactions to simply…

Ben Charoenwong, Meng Miao, Tianyue Ruan |

An international investor should be concerned about the influence of smaller Chinese banks on financial stability and take their systemic and individual riskiness into account.

Ilias Chondrogiannis, Eugene Nivorozhkin |

The experience over 1998–2004 suggests that market-based instruments may have been less effective than the PBC had hoped due to incomplete development of the financial sector.

Michael Geiger, Steven Pennings |

Changes in China’s exchange rate policy were an important complement to institutional reforms.

Michael Geiger, Steven Pennings |

Analyses on potential mechanisms suggest that the personal discount rate (impatience) and the need to expand the social network are important pathways through which credit constraints affect fraud…

L.Colin Xu, Nan Gao, Yuanyuan Ma |

China has recently achieved a remarkable improvement in its business environment as measured by the World Bank’s global Doing Business report. Over the past two years, China moved up by almost 50…

Marcin Piatkowski, Sylvia Solf, Wenting Wei |

Improving revenue administration could play in strengthening domestic resource mobilization while supporting sustainable forest management.

Amanda Robbins, Emily Kallaur |

Since fintech offers the chance to boost economic growth and expand financial inclusion in all countries, the IMF and World Bank surveyed central banks, finance ministries, and other relevant…

Tobias Adrian, Ceyla Pazarbasioglu |

[[tweetable]]​In a packed World Bank board room on April 13, 2019, Finance Ministers from over 20 countries came together as part of a Coalition of Finance Ministers for Climate Action. [[/…

Ceyla Pazarbasioglu |

The traditional route of industrialization for developing countries may no longer be available for the Middle East and North Africa (MENA) region. This should not be a source of regret, as the…

Ferid Belhaj, Rabah Arezki |