Global financial development report : 2015/2016: Long-term finance

Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations and Glossary -- Overview -- 1 Conceptual Framework, Stylized Facts, and the Role of the Government -- 2 The Use of Long-Term Finance by Firms and Households: Determinants and Impact -- 3 The Use of Markets for Long-Term Finance -- 4 Banks and Nonbank Financial Institutions as Providers of Long-Term Finance -- Statistical Appendixes -- A: Basic Data on Financial System Characteristics, 2011-13 -- B: Key Aspects of Long-Term Finance -- Bibliography -- BOXES -- O.1 Main Messages of This Report -- O.2 Practitioners' Views on Long-Term Finance: Global Financial Development Barometer -- O.3 The Role of Multilateral Development Banks in Mobilizing Long-Term Finance -- O.4 Navigating This Report -- 1.1 The Role of Infrastructure in Economic Development -- 1.2 A Conceptual Framework for Understanding the Use of Long-Term Finance -- 1.3 Intermediaries and Markets for Long-Term Finance -- 1.4 Development Banks and Long-Term Finance: Two Different Approaches -- 1.5 Using Credit Guarantees to Reduce the Risk of Long-Term Lending -- 2.1 Firms' Long-Term Finance and Investment after the Global Financial Crisis -- 2.2 Did the Global Financial Crisis Affect Firms' Leverage and Debt Maturity? -- 2.3 What Explains the Variation of Firm Debt Maturity across Countries? -- 2.4 Contract Enforcement and Use of Long-Term Finance: Evidence from Debt Recovery Tribunals in India -- 2.5 The Impact of Credit Information Sharing on Loan Maturity -- 2.6 Information Asymmetries and Use of Long-Term Debt in the United States -- 2.7 Short-Term Debt and Good Governance: Are They Substitutes or Complements? -- 2.8 Political Connections and Firms' Use of Long-Term Debt in China -- 2.9 The Rise of the Annuity Market in Chile -- 2.10 Sensitivity of Human Capital Investment to the Development of Credit Markets.