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"Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt. Using WorldScope data for 1,689 firms, as well as more detailed proprietary data for 315 firms across nine East Asian countries, the authors find that access to foreign financing...
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"Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still...
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"Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in Brazil, Chile, and Mexico. Costs include investment banking and legal fees, regulatory and exchange listing costs, rating agency fees, and expenditures for marketing and...
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of India amply demonstrated their digital prowess in their response to the pandemic by building Digital Public Goods … within India has expanded exponentially. Several initiatives like the digital identity system known as Aadhaar (for unique … identification), and the Unified Payments Interface have become central to India's public service delivery architecture. The Unified …
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