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WORKING PAPERS
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...
WORKING PAPERS
June 29, 2021
COVID-19 has caused significant morbidity and mortality, both directly and indirectly via the disruption to routine health services. Evidence on the indirect health impacts has largely been anecdotal or modeled, and cause/program-specific. We aimed to document the indirect health impacts in four cou...
WORKING PAPERS
April 07, 2021
When health crises like COVID-19 emerge, the shocks to economic, social, and health systems can have different implications for women and girls, with gendered impacts across various dimensions of wellbeing. This paper, part of a series documenting the gendered impacts of the pandemic, focuses on wom...
WORKING PAPERS
April 07, 2021
The paper examines some ways national governments have sought to maintain provision of essential health services and reviews the extent to which donor institutions have prioritized financial, technical, and other forms of support to mitigate disruptions. It concludes by highlighting existing gaps, o...
WORKING PAPERS
April 07, 2021
This paper presents a conceptual framework on the effects of health crises on women and girls with an eye toward understanding the growing evidence base for the COVID-19 pandemic. When health crises like COVID-19 emerge, the simultaneous shocks to economic, social, and health systems can have differ...
WORKING PAPERS
October 12, 2020
We compile a new data set, combining official sources with transaction-level records scraped from the World Bank website, spanning all commitments, disbursements, and payments on all World Bank loans from before the 2008-09 Global Financial Crisis through August 2020, allowing us to compare the...
WORKING PAPERS
May 14, 2020
The IMF’s forecasts of GDP growth in 2020 suggest a substantially muted impact of the COVID crisis for developing countries compared to advanced economies. We hope that the relative optimism will not induce complacency and elicit a less-than-forceful response by countries themselves nor legitim...