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Asli Demirguc-Kunt



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


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