Eduardo Levy Yeyati, Di Tella, Sergio L. Schmukler, Javier Bolzico, Jerry Caprio, José De Gregorio, ...
The rise and fall of Argentina’s currency board illustrates the extent to which the advantages of hard pegs have been overstated. The currency board did provide nominal stability and boosted...
Firms as Financial Intermediaries: Evidence from Trade Credit Data (2007)
Asli Demirgüç-kunt, Vojislav Maksimovic, Jerry Caprio, Simeon Djankov, Luc Laeven
In this paper, we argue that non-financial firms act as intermediaries channeling short-term funds from the financial institutions in an economy to the their greatest use. Non-financial firms act in...
Firms as Financial Intermediaries: Evidence from Trade Credit Data (2007)
Asli Demirguc-kunt, Vojislav Maksimovic, Jerry Caprio, Simeon Djankov, Luc Laeven
In this paper, we argue that non-financial firms act as intermediaries channeling short-term funds from the financial institutions in an economy to the their greatest use. Non-financial firms act in...
Giovanni Ferri Ð, Giovanni Majnoni, Fabrizio Coricelli, Jerry Caprio, Patrick Honohan, ...
We test for emerging economies the hypothesis — previously verified for G-10 countries only — that the enforcement of bank capital asset requirements (CARs) exerts a detrimental effect on the...
World Bank Comments Welcome (2007)
Luc Laeven, Jerry Caprio, Stijn Claessens, Gaston Gelos, Inessa Love, Pieter Van Oijen, ...
We use panel data on a large number of firms in 13 developing countries to find out whether financial liberalization relaxes financing constraints of firms. We find that liberalization affects small...
NBER WORKING PAPER SERIES DEPOSIT INSURANCE AROUND THE GLOBE: WHERE DOES IT WORK? (2001)
Edward J. Kane, Jerry Caprio, Stijn Claessens, Ross Levine, Edward J. Kane, ...
discussions. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. The views expressed herein are those of the authors and not necessarily those of...
Credit Reporting Systems around the Globe: The State of the Art (2000)
Margaret Miller, Peggy Twohig, O Castelar, Jerry Caprio
The author would like to thank the officials of the public and private credit registries and financial institutions who made this research possible by taking the time to fill out detailed...
Luc Laeven, Anonymous Referees, Thorsten Beck, Jerry Caprio, Stijn Claessens, Asli Demirg-kunt
Arguing that a relatively high cost of deposit insurance indicates that a bank takes excessive risks, this article estimates the cost of deposit insurance for a large sample of banks in 14 economies...