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


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