We analyze four years of transaction data for euro-area sovereign bonds traded on the MTS electronic platform. In order to measure the informational content of trading activity, we estimate the permanent price response to trades. We find not only strong evidence of information asymmetry in...

We study the price discovery process in Euro area government bond markets. We analyze the most active German, French, Italian and Spanish sovereign securities traded on the MTS electronic inter-dealer markets for various maturity buckets. We find that the level of contribution to the price...

This paper presents a new demographic profile of extreme and moderate poverty, defined as those living on less than $1.90 and between $1.90 and $3.10 per day in 2013, based on household survey data from 89 developing countries. The face of poverty is primarily rural and young; 80 percent of the...

This paper is the first to systematically test the robustness of shared prosperity estimates to different methodological choices using a sample of countries from all regions in the world. The tests that are conducted include grouped versus microdata, nominal welfare aggregate versus adjustment...

In the past decade, Turkey has experienced a notable level of poverty reduction at all levels (extreme poor, poor, and vulnerable). The steady decline in poverty was also resilient to the decline in gross domestic product per capita growth during the crisis. However, although poverty convergence...

The study used quarterly panel data of 6 years from 2010 to 2015 of all companies listed on both Vietnamese stock markets including the Ho Chi Minh City Stock Exchange and Ha Noi Stock Exchange, and on three leading industries consisting of insurance-banking, foodstuff, and real estate to...