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AuthorsJanuary 20, 2023This paper was originally published as a chapter within the Book, Foreign Exchange Constraint and Developing Economies, published on January 2023 (ISBN 978 1 80088 049 8). The decade after the global financial crisis (GFC) of 2007–2009 saw signifi- cant changes in the volume and composition of capital flows in the global economy. Portfolio investments and other non-bank financial intermediaries (NBFIs) are behind an increasing share of foreign capital flows, while bank- ing flo ...
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AuthorsChristian BachheimerSerhat S. ÇubukçuoğluAmine GhoulidiRahul SharmaKevin VerbelenJanuary 17, 2023This publication provides an insight into the lens through which countries of the Global South view the current period of successive crises, brought about by an ongoing global pandemic and a war in Europe. It highlights how the combined weight of history, culture, and geography has shaped the Global South’s interests and is influencing its foreign policy stance during one of the most dangerous periods of Great-Power competition in recent times—one that could see the fracturing of th ...
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January 16, 2023In recent years, and in light of the mounting challenges associated with the effects of climate change on communities worldwide, discussions have ramped up on the necessity to crowd in private money to meet the sustainable development goals (SDGs) and mitigate environmental challenges t...
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AuthorsJanuary 10, 2023Three significant changes to the macroeconomic policy regime in advanced economies, compared to the post-global financial crisis period, have unfolded in the last two years. First, fears of a chronic insufficiency of aggregate demand as a growth deterrent prevailing after the 2008 global financial crisis, have been superseded by supply-side shocks and inflation. Second, as a result of the first change, the era of abundant and cheap liquidity provided by central banks has given way t ...