Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Concerns about fraud in welfare programs are common arguments worldwide against such programs. We conducted a survey experiment with over…
In the face of the trifecta of fiscal adversity currently facing governments as
a result of the COVID-19 pandemic, this report brings good…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…
East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South…
Book abstract: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic…
The possibility that the renminbi may soon join the ranks of international currencies has
generated much excitement. This paper looks to…
The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a…