Central bank cooperation during the great recession
Papadia, Francesco. During the Great Recession, central banks went well beyond their normal operations and provided liquidity in unlimited amounts, in foreign currency and to foreign banks. Central bank cooperation took the form of a swap network, and amounted to an episode of global monetary policy. Πηγή: Bruegel πλήρες κείμενο
Migrating out of poverty: The role of finance
Ayyagari, Meghana, Beck, Thorsten & Hoseini, Mohammad. Financial liberalisation has been controversial among academics and policymakers as it is not clear whom the benefits of expanded credit allocation accrue to. Using time and state-level variation across Indian states, this column finds strong evidence that financial deepening reduces rural poverty, especially among the self-employed. Financial deepening is also […]