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…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…
This month marks the 10th anniversary of the controversial US-led invasion of Iraq. What has that decision wrought over the last decade?…