Click here for search results

Asli Demirguc-Kunt



Asli Demirguc-Kunt, Director of Research 
Asli Demirgüç-Kunt
Email Asli Demirgüç-Kunt at
All About Finance (blog) 
Related Links
Research Department 
Finance and Private Sector Development Research Group








ASLI DEMIRGÜÇ-KUNT is the Director of Research in the World Bank. After joining the Bank in 1989 as a Young Economist, she has held different positions, including Director of Development Policy, Chief Economist of Financial and Private Sector Development Network, and Senior Research Manager, doing research and advising on financial sector and private sector development issues. She is the lead author of World Bank Policy Research Report 2007, Finance for All? Policies and Pitfalls in Expanding Access. She has also created the World Bank’s Global Financial Development Report and directed the issues on Rethinking the Role of the State in Finance (2013), and Financial Inclusion (2014).

The author of over 100 publications, Ms. Demirgüç-Kunt has published widely in academic journals. Her research has focused on the links between financial development and firm performance and economic development. Banking crises, financial regulation, access to financial services including SME finance are among her areas of research. Prior to coming to the Bank, she was an Economist at the Federal Reserve Bank of Cleveland. She holds a Ph.D. and M.A. in economics from the Ohio State University.
















World Bank working papers and publications

1 .How does long-term finance affect economic volatility ?
2 .The impact of the global financial crisis on firms' capital structure
3 .Are large firms born or made ? evidence from developing countries
4 .The Global Findex Database 2014 : measuring financial inclusion around the world
5 .What determines entrepreneurial outcomes in emerging markets ? the role of initial conditions
6 .Corporate governance and bank insolvency risk : international evidence
7 .Does local financial development matter for firm lifecycle in India ?
8 .Bank capital and systemic stability
9 .Deposit insurance database
10 .Size and age of establishments: evidence from developing countries
11 .How does corporate governance affect bank capitalization strategies ?
12 .Islamic finance and financial inclusion: measuring use of and demand for formal financial services among Muslim adults
13 .Financial inclusion and legal discrimination against women : evidence from developing countries
14 .Rethinking the state's role in finance
15 .Incentive audits : a new approach to financial regulation
16 .Bank regulation and supervision around the world : a crisis update
17 .How does deposit insurance affect bank risk ? evidence from the recent crisis
18 .The foundations of financial inclusion : understanding ownership and use of formal accounts
19 .Benchmarking financial systems around the world
20 .Bank ownership and credit over the business cycle : is lending by state banks less procyclical?
21 .Financial inclusion in Africa : an overview
22 .Financing of firms in developing countries : lessons from research
23 .Measuring financial inclusion : the Global Findex Database
24 .How does bank competition affect systemic stability ?
25 .Is the financial safety net a barrier to cross-border banking ?
26 .Has the global banking system become more fragile over time ?
27 .Remittances and financial inclusion : evidence from El Salvador
28 .Do Phoenix miracles exist ? firm-level evidence from financial crises
29 .Is small beautiful ? financial structure, size and access to finance
30 .The evolving importance of banks and securities markets
31 .Small vs. young firms across the world : contribution to employment, job creation, and growth
32 .Do we need big banks ? evidence on performance, strategy and market discipline
33 .A framework for analyzing competition in the banking sector : an application to the case of Jordan
34 .Bank capital : lessons from the financial crisis
35 .Islamic vs. conventional banking : business model, efficiency and stability
36 .Are banks too big to fail or too big to save ? International evidence from equity prices and CDS spreads
37 .Are innovating firms victims or perpetrators ? tax evasion, bribe payments, and the role of external finance in developing countries
38 .The World Bank economic review 24 (1)
39 .Basel core principles and bank soundness : does compliance matter ?
40 .Banks and microbanks
41 .Microfinance tradeoffs : regulation, competition, and financing
42 .Does regulatory supervision curtail microfinance profitability and outreach ?
43 .Finance and inequality : theory and evidence
44 .Remittances and banking sector breadth and depth : evidence from Mexico
45 .Entrepreneurship in post-conflict transition : the role of informality and access to finance
46 .Financial institutions and markets across countries and over time - data and analysis
47 .Bank activity and funding strategies : the impact on risk and returns
48 .The World Bank research observer 24 (1)
49 .Are all the sacred cows dead ? implications of the financial crisis for macro and financial policies
50 .Bank financing for smes around the world : drivers, obstacles, business models, and lending practices
51 .The 2007 meltdown in structured securitization : searching for lessons, not scapegoats
52 .Microfinance meets the market
53 .Finance and economic opportunity
54 .Finance, financial sector policies, and long-run growth
55 .Formal versus informal finance : evidence from China
56 .The World Bank economic review 22 (3)
57 .Firm innovation in emerging markets : the roles of governance and finance
58 .Banking services for everyone ? Barriers to bank access and use around the world
59 .Deposit insurance design and implementation : policy lessons from research and practice
60 .Do workers' remittances promote financial development ?
61 .Banking on the principles : compliance with Basel Core Principles and bank soundness
62 .Finance and economic development : policy choices for developing countries
63 .What determines protection of property rights ? An analysis of direct and indirect effects
64 .Determinants of deposit-insurance adoption and design
65 .Financial performance and outreach : a global analysis of leading microbanks
66 .How important are financing constraints ? The role of finance in the business environment
67 .Reaching out : access to and use of banking services across countries
68 .Cross-country empirical studies of systemic bank distress : a survey
69 .How well do institutional theories explain firms' perceptions of property rights?
70 .Deposit insurance around the world : a comprehensive database
71 .Finance, firm size, and growth
72 .Finance, inequality, and poverty: cross-country evidence
73 .Business Environment and the Incorporation Decision
74 .The determinants of financing obstacles
75 .Law and firms' access to finance
76 .Small and medium enterprises, growth, and poverty : cross-country evidence
77 .Small and medium enterprises across the globe : a new database
78 .Bank concentration and crises
79 .Bank supervision and corporate finance
80 .The impact of bank regulations, concentration, and institutions on bank margins
81 .Bank competition, financing obstacles, and access to credit
82 .Financial and legal institutions and firm size
83 .World development report 2002 : building institutions for markets
84 .Law and finance : why does legal origin matter?
85 .Financial and legal constraints to firm growth - Does size matter?
86 .Informe sobre el desarrollo mundial 2002 : instituciones para los mercados
87 .Rapport sur le developpement dans le monde 2002 : des institutions pour les marches
88 .Firms as financial intermediaries - evidence from trade credit data
89 .World development report 2002 - building institutions for markets
90 .Deposit insurance around the globe : where does it work?
91 .World development report 2002 : building institutions for markets
92 .World development report 2002 : building institutions for markets
93 .World development report 2002 : building institutions for markets - overview
94 .World development report 2002 : building institutions for markets
95 .World development report 2002 : building institutions for markets - overview
96 .Law, politics, and finance
97 .The World Bank economic review 15 (3)
98 .Financial structure and bank profitability
99 .Financial structure and economic development - firm, industry, and country evidence
100 .Funding growth in bank-based and market-based financial systems : evidence from firm level data


Permanent URL for this page:

© 2016 The World Bank Group, All Rights Reserved. Legal