We conduct face-to-face interviews with bank chief executive officers to classify 397 banks
across 21 countries as relationship or transaction lenders. We then use the geographic …

A key precursor of twentieth-century financial crises in emerging and advanced economies
alike was the rapid buildup of leverage. Those emerging economies that avoided leverage …

Kristen Ghodsee and Mitchell A. Orenstein blend empirical data with lived experiences to
produce a robust picture of who won and who lost in post-communist transition …

The postcommunist countries were amongst the most fervent and committed adopters of
neoliberal economic reforms. Not only did they manage to overcome the anticipated …

In this study, we conduct a panel analysis of Islamic and conventional banks to ascertain
whether Islamic banks are able to sustain financing supply and whether its growth is higher …

We examine whether the cross-country incidence and severity of the 2008–09 global
recession is systematically related to precrisis macroeconomic and financial factors. We find …

To understand the diverse impact of the crisis across emerging market countries, we explore
the role of two shocks—the collapse in trade and the sharp decline in financial flows—in the …

This report argues that policy reforms in micro-and macro-prudential regulation and
macroeconomic policies are needed for Europe to reap the important diversification and …

Наличие сырьевых ресурсов открывает значительные возможности для развития.
Вместе с тем в долгосрочном плане показатели развития богатых ресурсами стран, как …

This study finds that the set of policies that favor liberalization in credit markets (regulatory
quality) are negatively correlated with countries' resilience to the recent recession as …