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Public debt in developing economies rose at a fast clip during 2020-21, at least partly due to the onset of the global Covid-19 pandemic. Nobel laureate Paul Krugman opined in early 2021 that "fighting covid is like fighting a war." This paper argues that the Covid-19 pandemic shares many traits...
Persistent link: https://www.econbiz.de/10013254884
Exclusionary policies, such as limits on refugees' movement and the right to work, are often justified as reasons to minimize economic and social tensions with host communities. While these policies have a negative effect on refugees' economic outcomes, their ability to mitigate frictions with...
Persistent link: https://www.econbiz.de/10013254926
-recommended best practice, is also shown to lead to higher inequality estimates compared to the business-as-usual survey practice of …
Persistent link: https://www.econbiz.de/10013254990
Despite strong evidence of its importance to the welfare of children and societies, early childhood education has been comparatively neglected as a policy priority both before and during the COVID-19 pandemic. This paper seeks to understand what factors have contributed to the lack of priority...
Persistent link: https://www.econbiz.de/10013255520
In many developing and middle-income countries, decentralization reforms are promoting changes in governance structures that are reshaping the relationship between local governments and citizens. The success of these decentralization reforms depends on the existence of sound public financial...
Persistent link: https://www.econbiz.de/10012552555
Previous work has shown that firms in low and middle-income countries in Eastern Europe and Central Asia that feel greater pressure to innovate from their competitors are more likely to introduce new products and services than firms that do not feel pressure (Carlin and others 2001; World Bank...
Persistent link: https://www.econbiz.de/10012553933
The authors combine the literature on financial crises in emerging markets and developing economies with that on international migrations by investigating whether the increasingly large flows of workers' remittances can help reduce the probability of current account reversals. The rationale for...
Persistent link: https://www.econbiz.de/10012554222
This paper summarizes the literature on the impact of state subsidized or social health insurance schemes that have been offered, mostly on a voluntary basis, to the informal sector in low- and middle-income countries. A substantial number of papers provide estimations of average treatment on...
Persistent link: https://www.econbiz.de/10012557991
The worldwide slowdown in growth after 1975 was a major negative fiscal shock. Slower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...
Persistent link: https://www.econbiz.de/10012559509
The Basel 1988 Capital Accord is arguably the most successful of all recent financial "standards." Although it was designed for internationally active banks in G10 countries, more than 100 countries claim to adhere to it, and many apply the Accord to all banks. Significant changes to this Accord...
Persistent link: https://www.econbiz.de/10012559569