Core Team

The report was led by Asli Demirguc-Kunt, Sr. Research Manager, Finance and Private Sector, DECRG. The core team consisted of Asli Demirguc-Kunt, Thorsten Beck and Patrick Honohan. The report draws heavily on the results of the on-going research program in the Finance and Private Sector team of the Development Research Group at the World Bank. 

Original research as background for this report includes work by the authors and by Meghana Ayyagari (George Washington University), Robert Cull, Xavier Gine, Leora Klapper, Luc Laeven (now at the IMF), Ross Levine (Brown University), Inessa Love, Vojislav Maksimovic (University of Maryland), Maria Soledad Martinez-Peria, David McKenzie, Sergio Schmukler, Colin Xu and Bilal Zia.