Reducing inequality is a key policy priority in many countries as high levels of inequality can be detrimental to society. The existence of large differentials in living standards can be a drag on…

Daniel Gerszon Mahler |

Banks may underinvest in expanding credit to underserved borrowers, as doing so entails a private cost but produces a public good. This underinvestment may justify subsidies to private sector…

Claudia Ruiz, Miriam Bruhn, Ben Roth, Irani Arraiz, Rodolfo Stucchi |

To reduce poverty and boost shared prosperity, Sub-Saharan African countries need to urgently close two critical gaps—the human capital gap and the infrastructure gap. The human capital gap…

Errol Graham, Moulaye Ibrahim Bamba |

There is a negative side to social interactions. Among market entrants, those who share a classroom with peers that experienced large returns systematically underperform other rookie investors in…

Alvaro Pedraza |

Lesotho’s agricultural system faces a growing number of climate-related vulnerabilities with drought, floods, pests, and extreme temperatures occurring more frequently. In response, the Government…

Ademola Braimoh |

In January 2019, Olivier Blanchard argued at the annual meeting of the American Economic Association that there were many reasons to doubt the supposed costs of public debt in developed countries…

Francisco G. Carneiro, Wilfried A. Kouame |

By the end of 2017 there appears to be on average a wide gap between leverage ratios of small banks and large banks, especially in Russia, Eastern Europe and South Caucasus.

Deniz Anginer, Asli Demirgüç-Kunt, Davide Salvatore Mare |

While Liberian women play a huge role in shaping the social, economic and political landscape of the country, it offers a conflicted picture when it comes to gender-related issues. Rates of sexual…

AKO Essan Emile, Ilke Dagli Hustings, Cleophas Obino Torori |

Are SMEs worse off as a result of Basel III capital requirements? A recent working paper featured in All About Finance suggests so.
While SME access to finance appears to decline after Basel…

Martin Melecky, Boris Fišera, Roman Horvath |

In June 2019, the World Bank Global Economic Prospect emphasized that unsustainable accumulation of public debt has become gradually troublesome in the past years, with incentives often working…

Francisco G. Carneiro, Wilfried A. Kouame |