Outlook for the Americas: A Tougher Recovery

By Alejandro Werner

July 23, 2018

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Street vendors in Rio de Janeiro, Brazil: While growth is accelerating in some parts of Latin America, the recovery has become tougher for some of the largest economies (photo: Oliver Wintzen/Robert Harding/Newscom)

Economic activity in Latin America continues to recover. Following the pickup in domestic demand led by consumption in 2017, investment is finally gathering strength. Continue reading “Outlook for the Americas: A Tougher Recovery” »

By | July 23rd, 2018|Advanced Economies, Emerging Markets, Latin America|

Shifting Tides: Policy Challenges and Opportunities for the G-20

By Christine Lagarde

July 18, 2018

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Cars to be shipped abroad, Jiangsu, China: trade tariffs have gone into effect and export orders have decreased (photo: Imagine China/Newscom)

The artist Claude Monet once said, “I worked without stopping, for the tide at this moment is just as I need it.” As the Group of Twenty finance ministers gather this week at the banks of the Rio de la Plata in Buenos Aires they should be inspired by the words of Monet, and take advantage of global growth before the tides change. Continue reading “Shifting Tides: Policy Challenges and Opportunities for the G-20” »

By | July 18th, 2018|Advanced Economies, Europe, Global Governance, Globalization, trade, U.S.|

The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

By Maurice Obstfeld

July 16, 2018

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The escalation of trade tensions is the greatest near-term threat to global growth (photo: wildpixel/Getty Images by iStock)

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. Continue reading “The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat” »

Chart of the Week: An Answer to the U.S. Wage Puzzle

By Yasser Abdih

July 10, 2018

Hiring is strong, but workers still aren’t seeing big raises (photo: Kutay Tanir/Getty Images by iStock).

Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. Continue reading “Chart of the Week: An Answer to the U.S. Wage Puzzle” »

By | July 10th, 2018|Advanced Economies, labor markets, productivity, U.S., unemployment, wages|

How To Deal With Failed Banks

By Deniz Igan

July 3, 2018

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Reforms since the global financial crisis have made bail-ins a credible option and bail-outs less likely (photo: iStock by Getty Images)

During the global financial crisis, policymakers faced a steep trade-off in handling bank failures. Using public funds to rescue failing banks (bail-outs) could weaken market discipline and lead to excessive risk taking—the moral hazard effect. Continue reading “How To Deal With Failed Banks” »

By | July 3rd, 2018|Advanced Economies, banking, capital markets, correspondent banking|

Economic Preparedness: The Need for Fiscal Space

By Vikram Haksar, Marialuz Moreno-Badia, Catherine Pattillo and Murtaza Syed

June 27, 2018

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Countries must assess the amount of room in their budgets for increasing spending or cutting taxes (photo: Martin Barraud/iStock by Getty Images)

How much leeway national policymakers have for increasing spending or cutting taxes has been hard to assess. Continue reading “Economic Preparedness: The Need for Fiscal Space” »

Estimating Cyber Risk for the Financial Sector

By Christine Lagarde

June 22, 2018

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Average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year (photo: Eti Ammos/iStock by Getty Images)

Cyber risk has emerged as a significant threat to the financial system. Continue reading “Estimating Cyber Risk for the Financial Sector” »

How the Commodity Boom Helped Tackle Poverty and Inequality in Latin America

By Ravi Balakrishnan and Frederik Toscani

June 21, 2018 

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People buying produce in a busy market in Bahia, Brazil. During the commodity boom, Brazil saw significant reductions in poverty and inequality (photo: golero/iStock by Getty Images)

Latin America may be the most unequal region in the world, but it is the only region to significantly lower inequality over the past two decades, and the boom in commodity prices helped make it happen.  Continue reading “How the Commodity Boom Helped Tackle Poverty and Inequality in Latin America” »

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