The Covid-19 pandemic sparked a large and lasting shift to remote work. This column draws on detailed administrative data from a major call centre in Türkiye to show that a permanent shift to fully remote work can expand recruitment and raise productivity without compromising service quality. The transition increased the share of women, including married […]
Imagine your favorite open-air market. Stalls hustle for customers, prices fall, and shoppers win—until one fragile roof gives way and everyone scrambles. Banking is similar. Lean rivalry makes credit cheaper; cut-throat rivalry slashes margins so deeply that lenders may gamble to survive. Finding the sweet spot is not guess-work. A new World Bank working paper – Navigating […]
Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed since the pandemic. This column shows that while cross-border lending by Chinese banks to their EMDE borrowers was highly correlated with bilateral trade flows between both countries prior to the […]
U.S. authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in over a decade, the Financial Times reported on Thursday. Regulators were in the next few months poised to reduce the supplementary leverage ratio (SLR), the newspaper reported, citing several people familiar with the matter. The supplementary leverage ratio is […]
