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.…
In this report Andrews takes a specific look at whether Sweden has
contributed to increased realism in poor country reform of ’public…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and…
This note attempts a concise yet comprehensive overview of the crisis still facing the eurozone, in the areas of competitiveness, fiscal…
Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro,…
At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th country,…