IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/22543.html
   My bibliography  Save this book

Global Financial Development Report 2015/2016

Author

Listed:
  • World Bank

Abstract

Global Financial Development Report 2015/2016 is the third in a World Bank series. It provides a unique contribution to financial sector policy debates, building on novel data, surveys, research, and wide-ranging country experience, with emphasis on emerging markets and developing economies. The report’s findings and policy recommendations are relevant for policy makers; staff of central banks, ministries of finance, and financial regulation agencies; nongovernmental organizations and donors; academics and other researchers and analysts; and members of the finance and development community. This year’s report focuses on long-term finance—equity or debt financing with maturity exceeding one year—and establishes its importance for economic development. Extending the maturity structure of finance is often considered to be at the core of sustainable financial development. It is needed for private sector construction of plants and investment in machinery and equipment, as well as financing infrastructure investments. Without long-term finance households cannot invest in housing or education, or benefit from higher long-term returns on their savings. Attempts at directly boosting the supply of long-term finance have not been free of controversy, and have sometimes led to substantial costs to taxpayers. The report emphasizes that governments and international bodies must focus on reforms that help overcome market failures and institutional and policy weaknesses. They must also improve risk and information sharing, and promote financial literacy and consumer protection. The report also tracks financial systems in more than 200 economies before and during the global financial crisis.

Suggested Citation

  • World Bank, 2015. "Global Financial Development Report 2015/2016," World Bank Publications - Books, The World Bank Group, number 22543.
  • Handle: RePEc:wbk:wbpubs:22543
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/22543/9781464804724.pdf?sequence=4
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Park,Haelim & Ruiz Ortega,Claudia & Tressel,Thierry, 2015. "Determinants of long-term versus short-term bank credit in EU countries," Policy Research Working Paper Series 7436, The World Bank.
    2. Julian Kozlowski, 2021. "Long-Term Finance and Investment with Frictional Asset Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(4), pages 411-448, October.
    3. Leano,Miguel & Pedraza Morales,Alvaro Enrique, 2016. "Informed trading in business groups, ownership concentration, and market liquidity," Policy Research Working Paper Series 7688, The World Bank.
    4. Eduardo Borensztein & Lei Sandy Ye, 2021. "Corporate debt overhang and investment in emerging economies: Firm‐level evidence," International Finance, Wiley Blackwell, vol. 24(1), pages 18-39, April.
    5. Diby Francois Kassi & Yao Li & Zhankui Dong, 2023. "The mitigating effect of governance quality on the finance‐renewable energy‐growth nexus: Some international evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 316-354, January.
    6. repec:igg:jamtr0:v:4:y:2022:i:1:p:1-13 is not listed on IDEAS
    7. Julian Kozlowski, 2017. "Long-Term Finance and Economic Development: The Role of Liquidity in Corporate Debt Markets," 2017 Meeting Papers 699, Society for Economic Dynamics.
    8. Thomas Holzheu & Ginger Turner, 2018. "The Natural Catastrophe Protection Gap: Measurement, Root Causes and Ways of Addressing Underinsurance for Extreme Events†," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(1), pages 37-71, January.
    9. Riitta-Liisa Arpiainen & Päivi Tynjälä, 2017. "Introducing Team Learning in a Developing Economy: Students’ Experiences of Experiential Entrepreneurship Education in Namibia," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(02), pages 179-210, June.
    10. Soha Ismail & Juan Jose Cortina Lorente & Sergio L. Schmukler, 2017. "Capital Raising in the Arab World," Working Papers 1095, Economic Research Forum, revised 05 2017.
    11. Demirgüç-Kunt, Asli & Martinez Peria, Maria Soledad & Tressel, Thierry, 2020. "The global financial crisis and the capital structure of firms: Was the impact more severe among SMEs and non-listed firms?," Journal of Corporate Finance, Elsevier, vol. 60(C).
    12. Jesse Griffiths, 2018. "Financing the Sustainable Development Goals (SDGs)," Development, Palgrave Macmillan;Society for International Deveopment, vol. 61(1), pages 62-67, December.
    13. Redlinger, Michael & Eggert, Roderick, 2016. "Volatility of by-product metal and mineral prices," Resources Policy, Elsevier, vol. 47(C), pages 69-77.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbpubs:22543. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.