This paper explores the use of digital technologies, their association with performance outcomes, and the main constraints to greater use among microenterprises. The study uses a sample of more than 3,300...
This paper explores differences and similarities across formal and informal microenterprises in Senegal. It uses a new national sample of more than 500 firms, of which two-thirds are informal and over...
This paper explores the use of digital technologies among informal micro-sized firms in Senegal, their association with productivity, sales, exports and jobs, and the role of age and gender dimensions...
The evolution of the telecommunications sector is of keen interest from both a development and a political economy perspective. Telecommunications is critical to economic dynamics, to the quality of life...
This paper examines the role of bankruptcy policies in market economies. Two somewhat different perspectives on the proper role of bankruptcy are presented. The first emphasizes the role of bankruptcy...
Starting in 1980, Turkey embarked on an ambitious program of stabilization and structural adjustment. The speed with which macroeconomic stability was established and the rapid response of the private...
Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some...
This paper examines the impact of financial reform on the behavior of financial sector agents as well as on the corporate sector. Financial liberalization, along with trade reform, lay at the core of the...
This paper uses firm-level data from Colombia to examine whether firms with foreign equity participation (FDI firms) perform better than domestic firms during recovery from financial distress. The paper...
The concept of the soft budget constraint has been quoted as appearing "when the strict relationship between expenditures and earnings has been relaxed, because excess expenditure over earnings will be...
Financial liberalization was carried out during a period when the nonfinancial corporate sector was in financial distress due to reduced profitability. The consequent emergence of substantial nonperforming...