Sergio Schmukler is Lead Economist at the World Bank. He obtained his Ph.D. from U.C. Berkeley in 1997, when he started working at the World Bank’s Development Economics Research Group. He has also been Treasurer of LACEA-the Latin America and Caribbean Economic Association (since 2004), Associate Editor of the Journal of Development Economics (2001-2004), taught at the Department of Economics, University of Maryland (1999-2003), and worked at the International Monetary Fund Research Department (2004-2005). Previously, he worked at the U.S. Federal Reserve Board, the Inter-American Development Bank Research Department, and the Argentine Central Bank. His research area is international finance and international financial markets and institutions. He has published many articles in leading academic journals and edited volumes on emerging market finance, financial globalisation, financial crises and contagion, financial development, and institutional investors. He has also co-authored and edited four books published by Elsevier, McGraw Hill, Stanford University Press, and the World Bank.
Finance and growth in China and India: Have firms benefited from capital-market expansion?
08 Aug 2014
Financial sectors in India and China are fast expanding. This column presents a new dataset on the capital-raising activity and performance of publicly listed firms in the two countries. It suggests that at least a part of the fast growth in India and China seems to come from firms that are able to raise funds from capital markets. However, benefits are restricted to the largest firms.
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