This study estimates the impact of corruption on the revenue-generating capacity of different
tax categories in the Middle East. This is done over a period preceding the Global Crisis and …

There is mounting evidence that in advanced economies, changes in monetary policy have
a more benign impact on the economy—given better anchored inflation expectations and …

This paper identifies factors that contribute to a fast recovery in growth after persistent
negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results …

Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit
of account—is a notable feature of financial development under macroeconomically fragile …

An increasing number of countries-including in Latin America-are reforming their financial
stability frameworks in the aftermath of the financial crisis, in order to establish a stronger …

This paper investigates the determinants of the pattern of Islamic bank diffusion around the
world using country-level data for 1992-2006. The analysis illustrates that income per capita, …

This article introduces an extended database on dollarisation in sub-Saharan Africa (SSA).
We document the pattern of dollarisation in SSA economies over the last decade and assess …

Using a newly complied and extended database from International Financial Statistics, and
applying different panel-regression techniques, this paper documents the evolution of …

This paper attempts to shed light on the drivers causing international fuel prices to be
passed through to domestic retail fuel prices. While many developing countries limit the …

The financial system in the WAEMU remains largely bank-based. The banking sector comprises
106 banks and 13 financial institutions, which together hold more than 90 percent of the …