World Bank2014-12-242014-12-242011-11https://hdl.handle.net/10986/20962In this issue: gross capital flows: dynamics and crises; crisis recovery and the role of credit: do phoenix miracles exist? Decentralization and municipal spending ability in developing countries; when starting with the most expensive mitigation options makes sense; evaluating the impact of trade interventions; and the influence of society on preferences.en-USCC BY 3.0 IGOACCOUNTABILITYADMINISTRATIVE CAPACITYADVANCED ECONOMIESADVANCED ECONOMYASYMMETRIC INFORMATIONBALANCE OF PAYMENTSBANK CREDITBANK FOR INTERNATIONAL SETTLEMENTSBANKING CRISESBANKING SYSTEMBANKSBASIS POINTSBENEFICIARIESBORROWING COUNTRIESBORROWING COUNTRYBUDGET CONSTRAINTSBUSINESS CYCLECAPITAL ADEQUACYCAPITAL ADEQUACY RATIOSCAPITAL EXPENDITURESCAPITAL FLOWSCAPITAL INFLOWSCAPITAL OUTFLOWSCASH BALANCESCASH FLOWCOLLECTIVE ACTIONCREDIBILITYCREDIBILITY ISSUESCREDIT CRUNCHDEBTDEBT RELIEFDECENTRALIZATIONDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT ECONOMICSDIRECT INVESTMENTSDIVERSIFICATIONECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC OUTCOMESECONOMIC POLICYECONOMIC RIGHTSEMERGING ECONOMIESEMERGING MARKETEMERGING MARKETSEMPLOYMENTEMPLOYMENT GROWTHEQUITY MARKETSEXPENDITUREEXPORT GROWTHEXPORT MARKETSEXPORT PROCESSING ZONEEXPORTERSEXPORTSEXTERNAL FINANCEFINANCIAL CONTAGIONFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL FLOWSFINANCIAL SECTORFINANCIAL SHOCKFINANCIAL STATEMENTSFISCAL DECENTRALIZATIONFIXED COSTSFLOW OF CREDITFOREIGN ASSETSFOREIGN DIRECT INVESTMENTGDPGLOBAL BANKINGGLOBAL ECONOMYGOVERNMENT POLICYINCOMEINDIVIDUAL FIRMSINEQUALITYINSURANCEINTEREST RATEINTEREST RATE DIFFERENTIALSINTEREST RATESINTERNATIONAL CAPITALINTERNATIONAL CAPITAL FLOWSINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCIAL STATISTICSINVESTMENT REQUIREMENTSISSUANCELACK OF KNOWLEDGELAWSLIQUIDITYLOCAL ADMINISTRATIONLOCAL CAPACITYLOCAL GOVERNMENTSLONG-TERM DEBTLONG-TERM DEBT MARKETSLOW-INCOME COUNTRIESMANDATESMATCHING GRANTSMIDDLE-INCOME COUNTRIESMINIMUM WAGEMONETARY FUNDMUNICIPALITIESNET CAPITALNONBANKSOUTPUTPOLICY DESIGNPOLICY RESPONSESPOLITICAL ECONOMYPORTFOLIOPRIVATE CREDITPRODUCTIVITYPROPERTY RIGHTSPUBLIC POLICYREAL SECTORRECESSIONREFERENDAREGULATORY ENVIRONMENTREGULATORY FRAMEWORKRENEWABLE ENERGYRESERVESRETIREMENTRETIREMENT SAVINGSRETURNSSAVINGSSHORT-TERM BORROWINGSOFT BUDGET CONSTRAINTSSTRUCTURAL CHANGESUPPLY CURVESTERM CREDITTIME CONSTRAINTSTRADE FACILITATIONTRADE FLOWSTRADE POLICIESTRADE POLICYUNDERVALUATIONUNIONVOLATILITYWELFARE STATEhttps://doi.org/10.1596/20962