To function properly, a financial system needs to have two doors in place: an “entry” and an “exit”. The first one enables qualified local or foreign institutions to enter the marketplace to…

José de Luna-Martínez |

Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Syrian refugee Yusuf holds his smartphone, which he describes as “the most important thing.” With this, he said, he is able to call his father in Syria. © B. Sokol/UNHCR If you look inside the bag…

Bassam Sebti |

Globally, around 2 billion people do not use formal financial services. In Southeast Asia, there are 264 million adults who are still “unbanked”; many of them save their money under the mattress…

José de Luna-Martínez |

Gotten a lot of requests to help this man and his daughter. Anyone know people in Beirut able to locate him? #BuyPenspic.twitter.com/KOz4mjW1rd — Gissur Simonarson CN (@GissiSim) August 25, 2015…

Bassam Sebti |

How can development practitioners promote economic development for parts of the Arab world affected by conflict and fragility? The Consultative Group to Assist the Poor (CGAP) has featured various…

Nadine Chehade, Peter McConaghy, Teymour Abdel Aziz |