The lasting economic scars of war
Wars leave deep and lasting scars on economies. Using data for 115 conflicts across 145 countries over the past 75 years, this column documents large
Bank specialization and the transmission of euro area monetary policy
Bank lending is a key channel through which monetary policy affects the real economy. This column explores how the effects of monetary policy on credit
The Great Divergence and the Great Reversal: A new approach to global economic history
The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column
Behind the scenes: How we work with creditors on debt transparency
Earlier this year, the World Bank conducted the second round of a Data Sharing Exercise with G-7 and Paris Club creditors. This is the first large-scale
Private safe asset supply and financial instability
Safe assets are financial instruments that maintain a stable value even after adverse macroeconomic shocks. This column explores how banks supply safe assets through securitisation
