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.…
The authors emphasize that the world urgently requires trillions of dollars to invest in climate action and biodiversity protection to keep…
Rema Hanna is the Jeffrey Cheah Professor of South-East Asia Studies and Chair of the International Development Area at the Harvard Kennedy…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…