Asli Demirguc-Kunt

TL;DR: In this paper, the authors investigate how differences in legal and financial systems affect firms' use of external financing to fund growth and show that in countries whose legal systems score high on an efficiency index, a greater proportion of firms use longterm external financing.

TL;DR: Demirguc-Kunt et al. as discussed by the authors evaluated whether foreign bank activity (i) increases the likelihood of suffering a banking crisis, ii) improves the efficiency of domestic banks, and iii) accelerates long-run economic growth.

TL;DR: In this article, the authors investigated the contribution of small firms to employment, job creation, and growth in developing countries while small firms (<20 employees) have the smallest share of aggregate employment, the small and medium enterprise sector's contribution is comparable to that of large firms.

TL;DR: The Global Financial Development Database (GFDB) as discussed by the authors provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of financial depth, degree to which individuals and firms can and do use financial services (access), efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and stability of financial institutions and markets (stability).

TL;DR: In this paper, the authors identify factors that influence decisions about a country's financial safety net, using a new dataset on 170 countries covering the 1960-2003 period Specifically, they focus on how outside influences, economic development, crisis pressures, and political institutions affect deposit insurance adoption and design, finding that pressure to emulate developed country regulatory frameworks and power-sharing political institutions dispose a country toward adopting design features that inadequately control risk-shifting.