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  • UB Potsdam  (14)
  • Charité  (8)
  • SRB Cottbus
  • Kunsthochschule Berlin
  • Martinez Peria, Maria Soledad  (22)
  • 1
    Online Resource
    Online Resource
    Firm financing in India : recent risks and patterns (2005)
    [Washington, D.C] : World Bank
    Details
    UID:
    gbv_724214089
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3476
    Content: "Using balance sheet information for nearly 6,000 firms between 1994-2003, Love and Martinez Peria investigate recent firm financing patterns in India. They document the overall use of debt and, in particular, the role of bank financing (short-term and long-term), trade credit, intra-business group borrowing, and foreign financing. The authors examine financing patterns over time and explore differences across firms by sector, age, ownership type, export orientation, and, in particular, size. In terms of trends, they find that while debt to asset ratios have been relatively stable, nominal debt growth has slowed down in recent years. At the same time, firms' repayment capacity, as measured by the interest coverage ratio, has exhibited a U-shaped pattern falling during 1997-99 and recovering in recent years. Throughout the period of study, bank financing as a share of total debt has increased, while borrowing from nonbank financial institutions fell sharply. In terms of differences across firms, the most robust finding is that debt levels increase with firm size. Smaller firms have especially less debt relative to larger firms if they are young (below 10 years since incorporation), if they are in the manufacturing sector, and if they are located in Southern India. Furthermore, while the ratio of debt to assets has been relatively stable for large firms, the authors observe a significant decline for smaller firms. Overall, the findings presented provide suggestive (but not definite) evidence of stronger credit constraints for smaller firms. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the department to study access to finance"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/10/2005 , Also available in print.
    Additional Edition: Love, Inessa Firm financing in India
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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    UB Potsdam
    MPI Bildungsforschung
  • 2
    Online Resource
    Online Resource
    Market discipline under systemic risk : evidence from bank runs in emerging economies (2004)
    [Washington, D.C] : World Bank
    Details
    UID:
    gbv_724213570
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3440
    Content: "Levy-Yeyati, Martinez Peria, and Schmukler show that systemic risk exerts a significant impact on the behavior of depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline both regardless of and through bank fundamentals. First, worsening systemic conditions can directly threaten the value of deposits by way of dual agency problems. Second, to the extent that banks are exposed to systemic risk, systemic shocks lead to a future deterioration of fundamentals not captured by their current values. Using data from the recent banking crises in Argentina and Uruguay, the authors show that market discipline is indeed quite robust once systemic risk is factored in. As systemic risk increases, the informational content of past fundamentals declines. These episodes also show how few systemic shocks can trigger a run irrespective of ex-ante fundamentals. Overall, the evidence suggests that in emerging economies, the notion of market discipline needs to account for systemic risk. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to study market discipline"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 10/29/2004 , Also available in print.
    Additional Edition: Levy Yeyati, Eduardo Market discipline under systemic risk
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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    UB Potsdam
    MPI Bildungsforschung
  • 3
    Online Resource
    Online Resource
    The mix of international banks' foreign claims : determinants and implications (2005)
    [Washington, D.C] : World Bank
    Details
    UID:
    gbv_724217959
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3755
    Content: "The authors analyze the determinants and implications for financial stability of the mix of international banks' claims countries receive. In particular, they distinguish between local claims, extended by international banks through their affiliates in a host (or claim recipient) country, and cross-border claims, booked from outside the host country, typically from banks' headquarters in their home countries. Using data on U.S., Spanish, and Italian banks' foreign claims across countries, the authors find that the share of local foreign claims is primarily driven by the degree of "freedom" in the host banking sector and by business opportunities in the local market. Entry requirements, startup and informational costs associated with international banking also play a role, but their influence is less robust. Finally, they find that the mix of international bank claims has implications for financial stability, since foreign claim volatility is lower in countries that receive a larger share of local claims. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 10/26/2005 , Also available in print.
    Additional Edition: García-Herrero, Alicia The mix of international banks' foreign claims
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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    UB Potsdam
    MPI Bildungsforschung
  • 4
    Online Resource
    Online Resource
    Banking Services For Everyone ? : Barriers To Bank Access And Use Around The World (2006)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_724222456
    Format: Online-Ressource (1 online resource (60 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Content: Using information from 193 banks in 58 countries, the authors develop and analyze indicators of physical access, affordability, and eligibility barriers to deposit, loan, and payment services. They find substantial cross-country variation in barriers to banking and show that in many countries these barriers can potentially exclude a significant share of the population from using banking services. Correlations with bank- and country-level variables show that bank size and the availability of physical infrastructure are the most robust predictors of barriers. Further, the authors find evidence that in more competitive, open, and transparent economies, and in countries with better contractual and informational frameworks, banks impose lower barriers. Finally, though foreign banks seem to charge higher fees than other banks, in foreign dominated banking systems fees are lower and it is easier to open bank accounts and to apply for loans. On the other hand, in systems that are predominantly government-owned, customers pay lower fees but also face greater restrictions in terms of where to apply for loans and how long it takes to have applications processed. These findings have important implications for policy reforms to broaden access
    Additional Edition: Beck, Thorsten Banking Services For Everyone ?
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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    MPI Bildungsforschung
  • 5
    Online Resource
    Online Resource
    Remittances and Banking Sector Breadth and Depth : Evidence From Mexico (2009)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_834963639
    Format: Online-Ressource (34 p)
    Edition: 2009 World Bank eLibrary
    Content: Despite the rising volume of remittances flowing to developing countries, their impact on banking sector breadth and depth in recipient countries has been largely unexplored. The authors examine this topic using municipio-level data on the fraction of households that receive remittances and on measures of banking breadth and depth for Mexico. They find that remittances are strongly associated with greater banking breadth and depth, increasing the number of branches and accounts per capita and the ratio of deposits to gross domestic product. These effects are significant both statistically and economically, even after conducting robustness tests and addressing the potential endogeneity of remittances
    Additional Edition: Demirguc-Kunt, Asli Remittances and Banking Sector Breadth and Depth
    Language: English
    DOI: 10.1596/1813-9450-4983
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    Online Resource
    Online Resource
    How Firms use Domestic and International Corporate Bond Markets (2012)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_834975890
    Format: Online-Ressource (46 p)
    Edition: 2012 World Bank eLibrary
    Content: This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond markets. Debt issues in domestic and international markets have different characteristics, not explained by differences across firms or countries. International issues tend to be larger, of shorter maturity, denominated in foreign currency, include more fixed rate contracts, and entail lower yields. These patterns remain when analyzing issues by firms from countries with more developed domestic markets and higher financial integration, and even when comparing issues conducted by the same firm in different markets. These findings are consistent with the views that (1) frictions limit the ability of investors and firms to enter into certain contracts in certain markets, (2) domestic and international markets provide distinct financial services and firms use them as complements, and (3) firms with access to domestic and international markets enjoy advantages relative to those that rely solely on domestic markets
    Additional Edition: Gozzi, Juan Carlos How Firms use Domestic and International Corporate Bond Markets
    Language: English
    DOI: 10.1596/1813-9450-6209
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Online Resource
    Online Resource
    Drivers and obstacles to banking SMEs : the role of competition and the institutional framework (2008)
    [Washington, D.C] : World Bank
    Details
    UID:
    gbv_724231358
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 4788
    Content: "This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper shows that, despite alleged differences in the countries' environments regarding rules, regulations, and ease of doing business, SMEs have become a strategic segment for most banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate and retail sectors. They perceive the SMEs market as highly profitable, large, and with good prospects. Moreover, banks are developing coping mechanisms to overcome the particular institutional obstacles present in each country and to compete for SMEs. Banks' interest in SMEs is not based on government programs, yet policy action might help reduce the cost of providing financing, especially long-term lending. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    Additional Edition: Torre, Augusto de la Drivers and obstacles to banking SMEs
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online Resource
    Online Resource
    Bank Financing For SMEs Around The World : Drivers, Obstacles, Business Models, And Lending Practices (2008)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_724231293
    Format: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Content: Using data from a survey of 91 banks in 45 countries, the authors characterize bank financing to small and medium enterprises (SMEs) around the world. They find that banks perceive the SME segment to be highly profitable, but perceive macroeconomic instability in developing countries and competition in developed countries as the main obstacles. To serve SMEs banks have set up dedicated departments and decentralized the sale of products to the branches. However, loan approval, risk management, and loan recovery functions remain centralized. Compared with large firms, banks are less exposed to small enterprises, charge them higher interest rates and fees, and experience more non-performing loans from lending to them. Although there are some differences in SMEs financing across government, private, and foreign-owned banks - with the latter being more likely to engage in arms-length lending - the most significant differences are found between banks in developed and developing countries. Banks in developing countries tend to be less exposed to SMEs, provide a lower share of investment loans, and charge higher fees and interest rates. Overall, the evidence suggests that the lending environment is more important than firm size or bank ownership type in shaping bank financing to SMEs
    Additional Edition: Beck, Thorsten Bank Financing For SMEs Around The World
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    Online Resource
    Online Resource
    The Foundations of Financial Inclusion : Understanding Ownership and Use of Formal Accounts (2012)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_834976706
    Format: Online-Ressource (61 p)
    Edition: 2012 World Bank eLibrary
    Content: Financial inclusion-defined here as the use of formal accounts-can bring many welfare benefits to individuals. Yet we know very little about the factors underpinning financial inclusion across individuals and countries. Using data for 123 countries and over 124,000 individuals, this paper tries to understand the individual and country characteristics associated with the use of formal accounts and what policies are effective among those most likely to be excluded: the poor and rural residents. The authors find that greater ownership and use of accounts is associated with a better enabling environment for accessing financial services, such as lower account costs and greater proximity to financial intermediaries. Policies targeted to promote inclusion-such as requiring banks to offer basic or low-fee accounts, exempting some depositors from onerous documentation requirements, allowing correspondent banking, and using bank accounts to make government payments-are especially effective among those most likely to be excluded. Finally, the authors study the factors associated with perceived barriers to account ownership among those who are financially excluded and find that these individuals report lower barriers in countries with lower costs of accounts and greater penetration of financial service providers. Overall, the results suggest that policies to reduce barriers to financial inclusion may expand the pool of eligible account users and encourage existing account holders to use their accounts to save and with greater frequency
    Additional Edition: Allen, Franklin The Foundations of Financial Inclusion
    Language: English
    DOI: 10.1596/1813-9450-6290
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    Online Resource
    Online Resource
    Access to Finance and Job Growth : Firm-Level Evidence across Developing Countries (2016)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_1724869701
    Format: 1 Online-Ressource (48 p)
    Series Statement: World Bank E-Library Archive
    Content: This paper investigates the effect of access to finance on job growth in 50,000 firms across 70 eveloping countries. Using the introduction of credit bureaus as an exogenous shock to the supply of credit, the paper finds that increased access to finance results in higher employment growth, especially among micro, small, and medium enterprises. The results are robust to using firm fixed effects, industry measures of external finance ependence, and propensity score matching in a complementary panel data set of more than four million firms in 29 eveloping countries. The findings have implications for policy interventions targeted to produce job growth in micro, small, and medium enterprises
    Additional Edition: Erscheint auch als Druck-Ausgabe Ayyagari, Meghana Access to Finance and Job Growth : Firm-Level Evidence across Developing Countries Washington, D.C : The World Bank, 2016
    Language: English
    DOI: 10.1596/1813-9450-7604
    URL: Volltext  (Deutschlandweit zugänglich)
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