Bankers without Boundaries and Bank & Finance developed a feasibility study and roadmap for thematic bond issuance in Cambodia. This...

We use the Public Finances in Modern History Database assembled by Paolo Mauro, Rafael Romeu, Ariel J Binder and Asad Zaman to analyze the evolution of...

In this week’s presentation we show that 3 years after the COVID-19 Pandemic hit the world, it has had an...

In this research project, we show the importance of considering non-linearities when analyzing financial conditions and the macroeconomic-financial linkages. Conclusions...

En esta presentación proporcionamos una visión general de la teoría, la arquitectura, indicadores financieros y evidencia sobre el papel de...

Download full document In this presentation we provide an overview of the theory, architecture, financial indicators, and evidence on the...

Banks could have an important role in the allocation of credit and provide other useful financial services. These services could...

National oil companies could be an important source of income in their home-country, giving governments resources to provide public goods...

In the previous post, we showed that at an aggregate level most countries have an observed capital to output ratio...

Despite the fact that the capital to output ratio has grown in most countries across the world, the marginal productivity...

Government securities could allow for a better allocation of financial resources and strengthen the government capacity to support the development...

A yield curve provides information about prevailing interest rates for debt securities of different tenors (say one month, three months,...

Government borrowing could respond to intertemporal allocation of public resources to smooth expenditure, investment, and taxation. It allows expediting the...

The net international investment position (NIIP) provides an aggregate view of the net financial position (assets minus liabilities) of a country...

Ben Bernanke, together with Mark Gertler, has advocated to study the importance of financial factors in economic allocations. In particular,...