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


Permanent URL for this page:

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