The jury is in
Stephen G Cecchetti. In June 2010, the Institute of International Finance (IIF) warned that the new Basel III capital and liquidity standards would be catastrophic for the global economy. After examining the impact of implementation over a five-year horizon, the IIF concluded that banks would need to increase capital levels dramatically and that this would […]
What I learnt about growth policy at the World Bank
Brian Pinto. Since the Global Crisis, concerns have grown that advanced economies are suffering from secular stagnation. This column discusses the lessons that can be learnt from the economic transition of central and eastern Europe and the emerging-market crises of the late 1990s and early 2000s. Structural reform is particularly costly in the context of […]