China's lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China's loans, the…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
COVID-19 deepened and accelerated a troubling trend of economic backsliding that had appeared around half a decade earlier. We call this…
Rising real food prices are an exceptionally regressive shock—both within countries as well as across them.
To understand the possible trajectory of inflation in 2022 and beyond, it is helpful to understand why the United States and Europe had so…
As the COVID-19 crisis lingers, emerging market and developing economies are entering perilous waters that evoke memories of past debt…
I discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a…
Russia’s invasion of Ukraine has been rapid and dramatic, but the global economic consequences will be much slower to materialize and less…
China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China’s loans, also…
When we think about infrastructure, two features stand out in most people's minds: the high magnitude of investment costs and the up-front…