Documentos e informes
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Can Crypto-Assets Play a Role in Foreign Reserve Portfolios? : Not Today, and Likely Not in the Near Future (Inglés)
Citing crypto-assets’ growing market capitalization and footprint and evolving market structure, institutional investors, including central banks, have been exploring exposures to crypto-assets and reviewing...
Tipo de documento: Informe Número del informe: 187892 Fecha del documento: 23 de febrero de 2024 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Klingebiel,Daniela M. H.,Ruiz Gil,Marco Antonio
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Fintech and the Future of Finance : Market and Policy Implications (Inglés)
Fintech—the application of digital technology to financial services—is reshaping the future of finance. Digital technologies are revolutionizing payments, lending, investment, insurance, and other financial...
Tipo de documento: Informe Número del informe: 171548 Fecha del documento: 10 de marzo de 2023 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Natarajan,Harish,Saal,Matthew
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Policy Space and the Financial Sector in Emerging Market and Developing Economies : Early Observations from the Pandemic (Inglés)
Global and domestic factors shape a country’s Fiscal and Monetary Policy Space (FMPS). In response to the COVID-19 crisis, many countries adopted unconventional measures to expand policy space, including...
Tipo de documento: Informe Número del informe: 179757 Fecha del documento: 31 de enero de 2023 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,O'Reilly Gurhy,Bryan,Utz,Robert Johann
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World Bank Group Global Market Survey : Digital Technology and the Future of Finance (Inglés)
This report documents the main findings of the Word Bank Group Survey on Digital Transformation and the Future of Finance. The survey was conducted between May 2020 and January 2021 and focused on the...
Tipo de documento: Informe Número del informe: 170796 Fecha del documento: 18 de mayo de 2022 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Natarajan,Harish,Heffernan,Robert Paul,Saal,Matthew,Sarkar,Arpita
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Fintech and the Digital Transformation of Financial Services - Implications for Market Structure and Public Policy (Inglés)
This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses...
Tipo de documento: Informe Número del informe: 170797 Fecha del documento: 18 de mayo de 2022 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Frost, Jon,Gambacorta, Leonardo,Natarajan,Harish,Saal,Matthew
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Global Patterns of Fintech Activity and Enabling Factors : Fintech and the Future of Finance Flagship Technical Note (Inglés)
The objectives of this paper are to take stock of the available fintech-related data, to document patterns of fintech activity across the world, and to help identify enabling factors. Fintech has seen...
Tipo de documento: Informe Número del informe: 170795 Fecha del documento: 18 de mayo de 2022 Tipo de divulgación: Disclosed Autor: Didier Brandao,Tatiana,Feyen,Erik H.B.,Llovet Montanes,Ruth,Ardic Alper,Oya Pinar
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Crypto-Assets Activity around the World : Evolution and Macro-Financial Drivers (Inglés)
On-chain crypto-assets transaction volumes have grown rapidly, particularly during the COVID-19 pandemic. Crypto-assets activity appears to be a global phenomenon, although it still remains modest relative...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9962 Fecha del documento: 8 de marzo de 2022 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Kawashima,Yusaku,Mittal,Raunak
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Measuring Systemic Banking Resilience : A Simple Reverse Stress Testing Approach (Inglés)
Reverse stress tests can be a useful tool to evaluate bank resilience to a credit shock, especially in environments where financial data are limited or opaque. This paper develops a simple and transparent...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9864 Fecha del documento: 29 de noviembre de 2021 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Mare,Davide Salvatore
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Analyzing the Determinants of EMDE Local-Currency Sovereign Yields : A Simple Comparative Approach (Inglés)
Local currency bond markets provide a stable source of funding for emerging market sovereigns. A better understanding of the determinants of yields in this market can help improve sovereign debt management...
Tipo de documento: Documento de trabajo Número del informe: 158875 Fecha del documento: 6 de mayo de 2021 Tipo de divulgación: Disclosed Autor: Buzas,Laszlo,Feyen,Erik H.B.,Paladines,Cindy Elizabeth,Zuccardi Huertas,Igor Esteban,Nie,Ou
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Taking Stock of the Financial Sector Policy Response to COVID-19 around the World (Inglés)
This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9497 Fecha del documento: 14 de diciembre de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Alonso Gispert,Tatiana,Kliatskova,Tatsiana,Mare,Davide Salvatore
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Indonesia - Joint Study : Government Cost of Funding - Strengthening Government Capacity in Macro-Financial Modelling to Analyze the Cost of Indonesia’s Domestic Local Currency Funding - Technical Note (Inglés)
Since the Global Financial Crisis, Indonesia has experienced persistently higher yields on its domestic local currency government debt relative to peer countries with similar relevant characteristics...
Tipo de documento: Informe Número del informe: 179049 Fecha del documento: 1 de octubre de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Paladines,Cindy Elizabeth,Nie,Ou,Zuccardi Huertas,Igor Esteban,Buzas,Laszlo
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Bank Lending Rates and Spreads in EMDEs : Evolution, Drivers, and Policies (Inglés)
This paper analyzes the main trends and patterns of nominal lending interest rates and lending-deposit interest rate spreads in emerging markets and developing economies. Using data from 140 emerging markets...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9392 Fecha del documento: 9 de septiembre de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Zuccardi Huertas,Igor Esteban
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Cross-Border Banking in EMDEs : Trends, Scale, and Policy Implications (Inglés)
Cross-border banking in emerging markets and developing economies has expanded across most World Bank regions and has become large relative to some home and host economies. This paper analyzes recent trends...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9393 Fecha del documento: 9 de septiembre de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Fiess,Norbert Matthias,Bertay,Ata Can,Zuccardi Huertas,Igor Esteban
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COVID-19 and Corporate Balance Sheet Vulnerabilities : A Simple Stress-Test Approach (Inglés)
This paper conducts a simple stress test to gauge the ability of listed nonfinancial corporates to withstand shocks to earnings and receivables. It targets two basic accounting ratios that capture a firm’s...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9324 Fecha del documento: 20 de julio de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Dancausa,Fernando,O'Reilly Gurhy,Bryan,Nie,Ou
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Macro-Financial Implications of the COVID-19 Pandemic (Inglés)
This paper examines the macro-financial implications of the COVID-19 pandemic. The pandemic represents a massive macro-economic demand and supply shock with significant adverse ramifications for global...
Tipo de documento: Informe Número del informe: 149835 Fecha del documento: 1 de abril de 2020 Tipo de divulgación: Disclosed Autor: Utz,Robert Johann,Feyen,Erik H.B.,Vazquez Ahued,Francisco,Moon,Jisung,Nie,Ou
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Macro-Financial Aspects of Climate Change (Inglés)
This paper examines the interaction between macro-financial and climate-related risks. It brings together different strands of the literature on climate-related risks and how these relate to macro-financial...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9109 Fecha del documento: 14 de enero de 2020 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Utz,Robert Johann,Zuccardi Huertas,Igor Esteban,Bogdan,Olena,Moon,Jisung
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The Global Covid-19 FinTech Market Rapid Assessment Study (Inglés)
This global study seeks to assess how financial technology firms (FinTechs) have been impacted by Covid-19, and how they are responding to the resultant challenges and opportunities. The study is a joint...
Tipo de documento: Informe Número del informe: 162150 Fecha del documento: 1 de enero de 2020 Tipo de divulgación: Disclosed Autor: Silva,Anderson Caputo,Uttamchandani,Mahesh,Blake, Matthew,Wardrop, Robert,Rau, Raghu,Feyen,Erik H.B.,Miller,Margaret J.,McWaters, Jesse,Rowan,Philip George,Rauchs, Michel,Goh,Lesly Chiew-Hoong,Soriano,Miguel Angel,Frost, Jon,Morgan, Peter,Faz De Los Santos,Pedro Xavier
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The Sovereign-Bank Nexus in EMDEs : What Is It, Is It Rising, and What Are the Policy Implications ? (Inglés)
This paper explores the sovereign-bank nexus in emerging markets and developing economies: the interconnectedness between the health of the sovereign and the banking system. Data from 140 emerging markets...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS8950 Fecha del documento: 30 de julio de 2019 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Zuccardi,Igor
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Cross-border spillover effects of the g20 financial regulatory reforms : results from a pilot survey (Inglés)
In 2009, the G20 embarked on an ambitious financial regulatory reform agenda to address the fault lines that caused the global financial crisis. Although the global benefits are expected to outweigh the...
Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS8300 Fecha del documento: 11 de enero de 2018 Tipo de divulgación: Disclosed Autor: Briault,Clive,Feyen,Erik H.B.,Gonzalez Del Mazo,Ines,Rademacher,Jan,Kwok Chung Yee,Brian,Skamnelos,Ilias
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Which emerging markets and developing economies face corporate balance sheet vulnerabilities? : a novel monitoring framework (Inglés)
This paper introduces a novel corporate financial vulnerability index, which tracks financial conditions of the non-financial corporate sector. Using balance-sheet information of 14,207 listed non-financial...
Tipo de documento: Documento de trabajo (Serie Numerada) Número del informe: 121116 Fecha del documento: 1 de noviembre de 2017 Tipo de divulgación: Disclosed Autor: Feyen,Erik H.B.,Fiess,Norbert Matthias,Zuccardi Huertas,Igor Esteban,Pillonca,Lara Alice Victoria