This paper studies the business cycle effects on the performance of commercial bank loan portfolios across major developing economies in the period 1996-2008. We measure loan performance via loan loss provisions (that is, recognized expenses related to expected losses in bank income statements)....

This paper examines aggregate primary capital market activity in a cross section of emerging market and developed countries. We analyze data on the value of funds raised domestically via issues of debt and equity securities in public capital markets in 32 countries over the period 1980-95. There...