Author/Editor: Adolfo Barajas, Woon Gyu Choi, Ken Zhi Gan, Pierre Guérin, Samuel Mann, Manchun Wang, Yizhi Xu.

Release Date:August, 2021

After a steady increase following the global financial crisis, private nonfinancial sector leverage rose further during the COVID-19 on the back of easy financial conditions induced by unprecedented more...

Author/Editor: Adolfo Barajas, Thorsten Beck, Mohammed Belhaj, Sami Ben Naceur.

Release Date:August, 2020

The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the more...

Author/Editor: Adolfo Barajas, Andrea Deghi, Claudio Raddatz, Dulani Seneviratne, Peichu Xie, Yizhi Xu.

Release Date:July, 2020

Leading up to the global financial crisis, US dollar activity by global banks headquartered outside the United States played a crucial role in transmitting shocks originating in funding markets. more...

Author/Editor: Adolfo Barajas, Sergio Restrepo, Roberto Steiner, Juan Camilo Medellin, Cesar Pabon.

Release Date:November, 2017

After building up foreign currency denominated (FC) liabilities over several years, Colombian firms might be vulnerable to a shift in external conditions. We undertake three empirical exercises to more...

Author/Editor: Ratna Sahay, Martin Cihak, Papa M N'Diaye, Adolfo Barajas, Annette J Kyobe, Srobona Mitra, Yen N Mooi, Reza Yousefi.

Release Date:September, 2017

Using a new dataset, we measure the large gap between the representation of men and women in leadership positions in banks and bank supervision agencies worldwide. Women occupied less than 2 percent more...

Author/Editor: Adolfo Barajas, Ralph Chami, Christian H Ebeke, Anne Oeking.

Release Date:March, 2016

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their more...

Author/Editor: Ratna Sahay, Martin Cihak, Papa N'Diaye, Adolfo Barajas, Srobona Mitra, Annette Kyobe, Yen Mooi, Reza Yousefi.

Release Date:September, 2015

Using several recently available global datasets, this Staff Discussion Note examines macroeconomic effects of financial inclusion. It finds significant benefits to economic growth from financial more...

Author/Editor: Ratna Sahay, Martin Cihak, Papa M N'Diaye, Adolfo Barajas, Diana B Ayala Pena, Ran Bi, Yuan Gao, Annette J Kyobe, Lam Nguyen, Christian Saborowski, Katsiaryna Svirydzenka, Seyed Reza Yousefi.

Release Date:May, 2015

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging more...

Author/Editor: Adolfo Barajas, Thomas F. Cosimano, Dalia Hakura, Sebastian Roelands.

Release Date:March, 2015

This paper examines the role of bank capital in decision-making by bank holding companies
(BHCs) in the United States. Following Chami and Cosimano’s (2001) call option more...

Author/Editor: Sami Ben Naceur, Adolfo Barajas, Alexander Massara.

Release Date:February, 2015

The paper analyses existing country-level information on the relationship between thedevelopment of Islamic banking and financial inclusion. In Muslim countries—membersof the Organization for more...