文件与报告库
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Preferred and Non-Preferred Creditors (英语)
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts...
文件类型: 政策研究报告 报告号: WPS8941 文件日期: 2019年7月22日 披露方式: Disclosed 作者: Cordella,Tito,Powell,Andrew P.
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Firms' and States' Responses to Laxer Environmental Standards (英语)
On June 1, 2017, President Trump announced the United States' withdrawal from the Paris agreement on climate change. Despite this decision, American firms continued investing in low-carbon technologies...
文件类型: 政策研究报告 报告号: WPS8781 文件日期: 2019年3月14日 披露方式: Disclosed 作者: Cordella,Tito,Devarajan,Shantayanan
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Optimizing finance for development (英语)
The World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments...
文件类型: 政策研究报告 报告号: WPS8320 文件日期: 2018年1月29日 披露方式: Disclosed 作者: Cordella,Tito
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Financial globalization and market volatility : an empirical appraisal (英语)
This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global...
文件类型: 政策研究报告 报告号: WPS8091 文件日期: 2017年6月7日 披露方式: Disclosed 作者: Cordella,Tito,Ospino Rojas,Anderson
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Government guarantees, transparency, and bank risk-taking (英语)
This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government...
文件类型: 政策研究报告 报告号: WPS7971 文件日期: 2017年2月15日 披露方式: Disclosed 作者: Cordella,Tito,Dell'Ariccia,Giovanni,Marquez,Robert
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Sharing oil rents and political violence (英语)
This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring...
文件类型: 政策研究报告 报告号: WPS7869 文件日期: 2016年10月19日 披露方式: Disclosed 作者: Cordella,Tito,Onder,Harun
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What makes a currency procyclical? An empirical investigation (英语)
This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries’ currencies as pro-cyclical if they appreciate in good times...
文件类型: 日志文章 报告号: 100264 文件日期: 2015年3月11日 披露方式: Disclosed 作者: Cordella,Tito,Gupta, Poonam
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Motivations, monitoring technologies, and pay for performance (英语)
Monitoring technologies and pay for performance contracts are becoming popular solutions to improve public services delivery. Their track record is however mixed. To show why this may be the case, this...
文件类型: 政策研究报告 报告号: WPS7128 文件日期: 2014年12月1日 披露方式: Disclosed 作者: Cordella, Antonio,Cordella,Tito
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What makes a currency procyclical ? an empirical investigation (英语)
This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries' currencies as procyclical if they appreciate in good times...
文件类型: 政策研究报告 报告号: WPS7113 文件日期: 2014年11月1日 披露方式: Disclosed 作者: Cordella,Tito,Gupta,Poonam
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Asymmetric punishment as an instrument of corruption control (英语)
The control of bribery is a policy objective in many developing countries. It has been argued that asymmetric punishments could reduce bribery by incentivizing whistle-blowing. This paper investigates...
文件类型: 政策研究报告 报告号: WPS6933 文件日期: 2014年6月1日 披露方式: Disclosed 作者: Basu,Karna,Basu,Kaushik Chandra,Cordella,Tito
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Reserve requirements in the brave new macroprudential world (英语)
Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in...
文件类型: 政策研究报告 报告号: WPS6793 文件日期: 2014年2月1日 披露方式: Disclosed 作者: Cordella,Tito,Federico,Pablo M,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Reserve requirements in the brave new macroprudential world (英语)
The active use of prudential instruments to regulate the level of credit and influence its allocation, popular in the 1970s and 1980s, fell somehow into disgrace in the 1990s, when the regulatory pendulum...
文件类型: 出版 报告号: 86475 文件日期: 2014年1月1日 披露方式: Disclosed 作者: Cordella,Tito,Federico,Pablo M,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Macro prudential policies from a micro prudential angle (英语)
The standard macro(prudential) models focus on externalities and treat all prudential instruments as alternative, but equivalent, forms of Pigouvian taxes. This paper explicitly models individual banks'...
文件类型: 政策研究报告 报告号: WPS6721 文件日期: 2013年12月1日 披露方式: Disclosed 作者: Cordella,Tito,Pienknagura,Samuel Jaime
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To give or to forgive? Aid versus debt relief (英语)
Is generalized debt relief an effective development strategy, or should assistance be tailored to countries characteristics? To answer this question, the authors build a simple model in which recipient...
文件类型: 日志文章 报告号: 83340 文件日期: 2013年10月1日 披露方式: Disclosed 作者: Cordella,Tito,Missale,Alessandro
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To give or to forgive ? aid versus debt relief (英语)
Is generalized debt relief an effective development strategy, or should assistance be tailored to countries' characteristics? To answer this question, the authors build a simple model in which recipient...
文件类型: 政策研究报告 报告号: WPS5859 文件日期: 2011年10月1日 披露方式: Disclosed 作者: Cordella,Tito,Missale,Alessandro
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Do procurement rules impact infrastructure investment efficiency ? an empirical analysis of inversao das fases in Sao Paulo state (英语)
As a means to reduce delays in public works implementation, a number of Brazilian states have recently reformed their procurement rules allowing contractor price proposals to be assessed before the technical...
文件类型: 政策研究报告 报告号: WPS5528 文件日期: 2011年1月1日 披露方式: Disclosed 作者: Blancas Mendivil,Luis C.,Oliveira,Alexandre Borges De,Chioda,Laura,Cordella,Tito,Vardy,Felix Johannes J.
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Brazil - Quarterly knowledge report (英语)
This Brazil quarterly knowledge report newsletter includes some of the following headings: social assistance and shocks: the food crisis and CCT's by Fruttero, Anna; a critical juncture by Diop, Makhtar;...
文件类型: 电子刊物 报告号: 57495 文件日期: 2010年8月1日 披露方式: Disclosed 作者: Lopes Mendes De Azeredo,Mauro Lopez Mendes De,Cordella,Tito,Diop,Makhtar,Firmo,Marcio Gold,Fruttero,Anna,Levy,Evelyn,Finkelfarb Lichand,Guilherme,Dos Santos,Denise Marinho,Rocha,Romero C. Barreto,Velloso,Tarsila Ortenzio,Ximenes De Vasconcelos,Jivago Bezerra
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CATalytic insurance : the case of natural disasters (英语)
Why should countries buy expensive catastrophe insurance? Abstracting from risk aversion or hedging motives, this paper shows that catastrophe insurance may have a catalytic role on external finance. Such...
文件类型: 政策研究报告 报告号: WPS5377 文件日期: 2010年7月1日 披露方式: Disclosed 作者: Cordella,Tito,Levy-Yeyati,Eduardo