Growing up an only child in China at the end of the 20th century, Associate Professor of Public Policy at Harvard Kennedy School and CID…
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.…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
A majority of countries neither freely float their currencies nor firmly peg. But most of the remainder in practice also don’t obey such…
• The COVID-19 pandemic has placed unprecedented strain on public finances across developing countries. Large fiscal responses and weak…