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WORKING PAPERS
September 22, 2023
Using new data from the European Banking Authority on loan recovery outcomes, we examine how variation in loan recovery efficiency affects the transmission of financial sector and overall economic weakness to firm-level financial and real outcomes. We find that firms linked to under-capitalized bank...
Blog Post
September 21, 2023
The likelihood of capital increase for the World Bank’s non-concessional lending arm, the IBRD, appears to be climbing. At least an odd European government appears to be doing some preparatory work for it. But any negotiations around a capital increase may be complex. Large shareholders and borrowe...
Blog Post
September 05, 2023
EU finance ministers will soon appoint a new president of the European Investment Bank (EIB). Following two six-year terms, the incumbent, Werner Hoyer, will step down, and a new captain will take the helm of the world’s largest multilateral financial institution. The new president comes at a critic...
POLICY PAPERS
September 05, 2023
The G20 is well placed to provide the leadership needed to ensure that research is a global public good by elevating the discourse on research publishing reform and acknowledging that this is not merely a niche concern for researchers but an important global challenge that underpins human progress.
Blog Post
August 14, 2023
A month ago, I published a tweet thread that outlined five key pieces of advice for new graduates seeking a job at the Center for Global Development (CGD) or other international development organizations. Commentators from the wider international development community piled in with their own fantast...
Blog Post
July 20, 2023
I just returned from the International Health Economics Association’s biennial congress, held in Cape Town. The theme of this year’s congress was diversity in health economics. I spoke in the opening plenary about (the lack of) diversity in economics research. In this blog, I reflect on my plenary c...
Blog Post
June 30, 2023
The European Union (EU)’s arsenal of development finance instruments comprises grants, budget support, blends of grants and loans, guarantees, and trust funds. But little attention has been paid to its macro-financial assistance (MFA) tool. Since the 1990s, it has been deployed to help countries in ...