Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development,

State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using

Broad-based and inclusive financial systems significantly raise growth, alleviate poverty, and expand economic opportunity. Households, small enterprises, and t

A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of

Provides a review of China's financial system and compares it to other financial systems. It reviews what has worked and what has not within the markets and int