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Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
TESTIMONY
Remarks to the European Parliament on EFSD/ EFSD+
September 24, 2025
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Research
WORKING PAPER
September 25, 2025
This study examines the impact of publicly provided daycare for children aged 0–3 in Rio de Janeiro, where a lottery for limited slots at the end of 2007 increased time in daycare and yielded higher household incomes in the early years, sustained gains in child nutrition, and shorter-term gains in c...
WORKING PAPER
June 03, 2025
Income inequality in Latin America and the Caribbean has followed a broadly inverted U-shaped trajectory over the past fifty years, rising until the 1990s and declining into the early 21st century, though with considerable variation across countries. Estimates of inequality vary widely depending on ...
CGD NOTE
March 24, 2025
After the decision of the Venezuelan regime to disregard the results of the presidential election of July 28, 2024, and subsequently swear in Maduro for a new term on January 10, 2025, the international community faces a new reality. The Venezuelan people, essentially, have tried every single tool i...
CGD NOTE
March 05, 2025
It's been repeated time and again: The US trade deficit stems from a persistent savings-investment gap. Without closing that gap, the deficit won’t shrink. Tariffs may reduce the bilateral trade deficit with one country, but they increase the trade deficits with others—like pressing on one part of a...
POLICY PAPER
February 10, 2025
Banks play a central role in both the payments system and the provision of funding for firms and corporations. This role is particularly important in emerging markets and developing economies, where alternative sources of financing are scarce owing to underdeveloped local capital markets. Furthermor...
POLICY PAPER
October 15, 2024
This paper addresses a critical flaw in the international financial system: the failure to address the inherent asymmetry between countries that issue reserve currencies and those that do not, leaving the latter vulnerable during systemic liquidity crises. We propose an IMF-managed Emerging Market F...
WORKING PAPER
October 10, 2024
This paper presents findings from a comprehensive survey of 18 central banks and banking supervisor authorities in Latin America and the Caribbean, including major economies like Argentina, Brazil, Chile, Colombia, and Mexico. The survey aimed to assess the adoption of the Basel III standards across...
