Conglomeration has traditionally been prevalent in Asia, a trend that is currently exacerbated by the characteristics of digital markets. While conglomerates offer important benefits, from economies of...
This paper presents evidence on the determinants of cross-border mergers and acquisitions in services sectors. It develops a stylized model of mergers and acquisitions that predicts that the incidence...
This paper investigates the factors associated with foreign direct investment "surges" and "stops," defined as sharp increases and decreases, respectively, of gross foreign direct investment inflows to...
International Debt Statistics (IDS) presents data and analysis information on the external debt of developing countries for 2011, based on actual flows and debt related transactions reported to the World...
This paper studies the factors associated with outbound bilateral mergers and acquisitions (M&A) activity by firms located in emerging economies. The authors document recent trends in emerging market M&A...
A bank's interest expenses rise with its degree of internationalization, measured by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration...
The Global Corporate Governance Forum's fourth toolkit provides practical guidance on how consensus-based alternatives to adjudication can help prevent, resolve, and reduce the negative impact of corporate...
One side-effect of the Global Financial Crisis of 2008-09 was the resurgence of a debate over exchange rates. The conventional wisdom dictates that real-exchange rate adjustments are needed in order to...
Although foreign direct investment (FDI) flows have tended to remain resilient during previous crises, they may not behave in a similar fashion during the current crisis. Why? In past crises, the stability...
The private enterprise sector in Bosnia and Herzegovina (BiH) has been expanding steadily, and estimates are that it presently contributes close to 50 percent of Gross Domestic Product (GDP). The BiH private...
Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily brief economics and financial market commentary newsletter are as follows: global stock markets continue...
Some of the headings included in this issue of the daily brief economics and financial market commentary newsletter are as follows: U.S. incomes and spending pick-up in August; European confidence down;...
Some of the headings included in this issue of the daily brief economics and financial market commentary newsletter are as follows: emerging market (EM) debt spreads return to all-time lows; Peru exchanges...
Cross-country panel data are used to assess the effect of free-trade agreements on flows of Foreign Direct Investment (FDI). Free-trade agreements are found to have a significant positive effect on FDI...
Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. We analyze the impact of these factors on...
Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. The authors analyze the impact of these factors...
Foreign direct investment (FDI) flows to developing countries surged in the 1990s to become their leading source of external financing. This rise in FDI volume was accompanied by a marked change in its...
In recent years foreign banks have expanded their presence significantly in several developing economies. In Argentina and Chile in Latin America and in the Czech Republic, Hungary and Poland in Eastern...
The slowdown in industrial countries reduced developing countries' export revenues, and hence, their capacity to borrow, although this was partially mitigated by the drop in interest rates. Hardest hit...