Global shocks, institutional development, and trade restrictions: Learning from crises and recoveries between 1990 and 2022
During the past 20 years, the world economy has suffered two major crises in the form of the Global Financial Crisis and the COVID-19 pandemic.
Transmission of liquidity shocks through non-bank financial intermediaries: Evidence from the International Banking Research Network
The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector
Measuring what matters for business: The new B-READY data in the World Development Indicators
What makes a country a great place to start and grow a business? Among low-income economies across the world, only 29% have a single centralized
The post-pandemic disinflation: Low sacrifice, high prices
By some criteria, the post-pandemic disinflation was a triumph for central banks in advanced economies: inflation fell sharply from 40-year highs while unemployment rates remained
Trade and Development Chart: Exports to developing economies drive rich-country employment growth
As global trade expands, so does the number of workers in high-income countries whose jobs are tied to exports. More of that growth is generated by
Trade and Development Chart: Exports to developing economies drive rich-country employment growth
As global trade expands, so does the number of workers in high-income countries whose jobs are tied to exports. More of that growth is generated by
Detecting hidden state aid with machine learning
State aid regulation is crucial to ensuring competitiveness in the EU Single Market, but enforcement remains challenging. Non-compliance by member states and foreign subsidies are
Dynamism in generative AI markets since the release of ChatGPT
The success of ChatGPT has raised fears that the excessive concentration of generative AI technology within one or two leading US companies could reduce market
Inflation targeting: Its current state and key challenges
Inflation targeting has emerged as the dominant monetary policy framework in advanced and emerging market economies. This column discusses three main challenges faced by inflation-targeting
Nature markets: how can credits and shares provide durable, additional finance?
Nature markets can boost conservation funding, but strong standards and public support are vital for lasting, equitable ecological benefits Natural ecosystems are declining rapidly, ultimately threatening economies,
