Taming original sin redux: The role of benchmark-driven flows

Emerging market capital flows remain highly sensitive to global shocks. This column analyses foreign investors in emerging market local-currency sovereign bonds depending on whether they
Rethinking social protection sustainability: What people want (and don’t want)

Population ageing makes it harder for governments to finance programmes like public pensions and long-term care. But policy responses, such as tightening programme eligibility and

