World Bank

About: World Bank is a other organization based out in Washington D.C., District of Columbia, United States. It is known for research contribution in the topics: Population & Poverty. The organization has 7813 authors who have published 21594 publications receiving 1198361 citations. The organization is also known as: World Bank, WB & The World Bank.

Simulating the Potential Impacts of COVID-19 School Closures on Schooling and Learning Outcomes: A Set of Global Estimates

Abstract: This paper presents simulations of the potential effect of COVID-19-related school closures on schooling and learning outcomes. It considers four scenarios-varying in both the duration of school cl...

Capital Structure and Financial Risk: Evidence from Foreign Debt Use in East Asia

Abstract: Using a data set of East Asian nonfinancial companies, we examine a firm's choice between local, foreign, and synthetic local currency (hedged foreign currency) debt. We find evidence of unique as well as common factors that determine each debt type's use, indicating the importance of examining debt at a disaggregated level. We exploit the Asian financial crisis as a natural experiment to investigate the role of debt type in firm performance. Surprisingly, we find that the use of synthetic local currency debt is associated with the biggest drop in market value, possibly due to currency derivative market illiquidity during the crisis

The Impact of PROGRESA on Food Consumption

Abstract: In this article we used data from the Mexican poverty alleviation program called PROGRESA (Programa de Educacion, Salud y Alimentacion) to examine whether eligibility for a cash transfer provided by the program conditional on children’s regular school attendance and regular visits to health centers is also associated with increased consumption of food. We used a longitudinal sample of approximately 24,000 households from 506 communities. A distinguishing characteristic of this sample was that some of the communities were randomly selected for participation in PROGRESA, while the rest were introduced into the program at later phases. Exploiting this feature in our analysis, we found that eligible households in the villages covered by PROGRESA increased caloric acquisition compared with eligible households not receiving these benefits. By November 1999, median beneficiary households in treatment localities obtained 6.4% more calories than did comparable households in control localities. Perhaps eve...