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Frontiers in Development Policy: the Role of Macro-Prudential Policies
The devastating impact of the global financial crisis, which consequently turned into a global economic crisis, created a consensus that pre-crisis financial regulation didn’t take the “Big Picture” of...
View ArticleWhy Official Bailouts Tend Not to Work: An Example Motivated by Greece 2010
A newsclip in the DECPG Daily dated April 19, 2010, noted: “After Greek aid talks were delayed by disrupted air travel, Greek bond premiums relative to German bunds spiked again on Monday. Air travel...
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Macro-Disasters
Earlier this month, Japan experienced one of the worst natural disasters in its history, an earthquake and subsequent tsunami that claimed the lives of thousands of people and drastically changed the...
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The Cost of Financial Reform for Emerging Markets
In the aftermath of the global economic crisis, financial market regulators have proposed a myriad of reforms to better govern the banking sector and to enhance its resilience to future shocks. In...
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Remittances Rebound but Pressures Persist
Remittances, or the money migrant workers send home to their countries of origin, are finally recovering to pre-crisis levels. In 2010, remittance flows to developing countries reached $325 billion,...
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Who SEZ One Size Fits All?
From Singapore to Shenzhen, Special Economic Zones—SEZs for short—have helped underpin the rapid export-oriented growth of East Asia. In an effort to replicate these...
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Are Services the Trade of the Future?
You see trade in services happening all around us. Medical tourism is an increasingly popular option, as patients seek affordable medical treatment in countries such as Costa Rica and Thailand....
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Migration, Taxation and Inequality
Have you ever thought of international migration as being closely intertwined with issues of taxation, public welfare and inequality? That is actually the case both in home and destination countries....
View ArticleMalaysia: From Developing Nation to Development Partner
World Bank Vice President for East Asia & Pacific on opening a new office in Malaysia In 1954, the World Bank’s first mission report on Malaya – as the soon-to-be-independent country was called...
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Stalled productivity, stagnant economy: Chronic stress amid impaired growth
Call it “secular stagnation,” or the disappointing “New Mediocre,” or the baffling “New Normal” – or even the back-from-the-brink “contained depression.” Whatever label you put on today’s chronic...
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