Foreign bank participation has increased steadily across developing countries since the mid-1990s. This paper documents this trend and surveys the existing literature to explore the drivers and consequences of this phenomenon, paying particular attention to the differences observed across...

This paper describes the recent trends in foreign bank ownership in developing countries, summarizes the existing evidence on the causes and implications of foreign bank presence, and reexamines the link between banking crises and foreign bank participation. Using data on the share of banking...

Using a new database of World Bank loans to support financial sector development, the authors investigate whether countries that received such loans experienced more rapid growth on standard indicators of financial development than countries that did not. They account for self-selection with...

Using a new and representative data set of Chinese household finance, this paper documents household access to and costs of finance, along with their correlates. As in most developing countries, informal finance is a crucial element of household finance, and wealth tends to be associated with...

In 2008 the Ministry of Finance of the Russian Federation established a Trust Fund to be administered by the World Bank with the goal of advancing financial capability in low-and middle-income countries. This report documents the multiyear effort to develop measures of financial capability and...

This manual is designed to provide guidance to institutions, researchers, and survey firms on how to measure financial capability in middle, and low income countries using a new survey instrument that was developed and tested, from start to finish, in middle- and low-income countries. This new...

Access to affordable, reliable, and safe transportation is critical in improving the welfare of individuals in developing countries. Yet, transport data are limited overall, and data that address the different patterns of use by women and men are even scarcer. A few studies have shown, however,...

Trade credit remains an important source of finance for firms in developing countries and many firms in developed countries, especially those that are young, small, or informationally opaque for other reasons. This paper summarizes the literature and explains the pervasiveness of trade credit,...