Indonesia's financial sector has two paradoxes: (i) Indonesia has been a global leader in microfinance for the past 25 years, but access to…
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The total amount of development finance generated by Vietnam has been exceptionally high from all significant sources using all standard…
Greece and Italy, desperate after their gridlocked political systems left them mired in debt and crisis, have chosen technocratic…
The prices of hydrocarbons, minerals, and agricultural commodities have been on a veritable roller coaster. While commodity prices are…
It is striking how often countries that are
rich with oil, minerals or fertile land have
failed to grow more rapidly than those without.…
All of a sudden, the renminbi is being touted as the next big international currency. Just in the last year or two, the Chinese currency…
Just in the last year or two, the Chinese currency has begun to internationalize along a number of dimensions. A RMB bond market has grown…
Informal payments are a frequently overlooked source of local public finance in developing countries. We use microdata from ten countries…
Book abstract: Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively…
American fiscal policy has been procyclical: Washington wasted the expansion period 2001–2007 by running budget deficits, but by 2011 had…