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The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
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This paper presents recent trends in government and foreign bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that...
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This paper discusses the results of a survey of multinational corporations with affiliates in developing countries. The … interviews with 754 executives, the survey finds that political stability and a business-friendly regulatory environment are the … predictable, transparent, and efficient conduct of public agencies. The survey results also show that investors are heterogeneous …
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households in different income deciles by matching household survey data from India based on the industrial classification of …
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