A couple of days ago, my five year old declared that she wanted to be a Super Hero. From wanting to be a little pony a few months ago, she was moving up the role model chain. She, however, was more interested in finding out which monster she would have to fight. Without giving it much thought, I told her that the biggest monster she would have to fight was Climate Change.
she asked, suddenly very interested.
Also available in: EspañolChanging behavior is tough. It is tough to quit smoking, to save more money, or to choose walking up the stairs over an elevator. Behavior change becomes even tougher when it’s compounded with the challenges of poverty.
"Are markets simply casinos for betting?" Asli recently asked this question on the All About Finance blog. She argues that financial markets do a lot more than that, and I agree. But there are some markets that come very close to being casinos. Surprisingly, in the wake of the financial crisis, the U.S.
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Perhaps the title is a rhetorical question, but I felt obliged to ask it after seeing the latest parody of a World Bank initiative.
The first day of this year's Financial and Private Sector Development Forum is about to wind down. I had the opportunity to attend several fascinating discussions, including:
The World Bank's new chief economist for Financial and Private Sector Development, Asli Demirgüç-Kunt, has entered the blogosphere with the new All About Finance blog. In her first post, Asli considers whether the financial crisis ought to make us consider turning bureaucrats into bankers. She responds with a resounding "no"!