The literature on external default has stressed the existence of the so-Âcalled debtÂ-intolerance puzzle: developing nations tend to default at debt-Âto-ÂGDP ratios well bellow those of developed coun
Jeffrey Frankel Professor, Harvard University’s Kennedy School of Government Jeffrey A. Frankel is James W. Harpel Professor of Capital Formation and Growth.
Despite substantial interest in the potential for mobile money to positively impact the lives of the poor, little empirical evidence exists to substantiate these claims.
In both advanced and emerging economies, policymakers, academics, and the financial community were still trying to make sense of the financial tsunami that hit them in late 2008 and the channels throu
High public debt often produces the drama of default and restructuring.
We document the link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009 recession.
Germans cannot agree to unlimited bailouts of euro members.
Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics.
As the Federal Reserve moves closer to initiating one of the most long-awaited and widely predicted periods of rising short-term interest rates in the United States, many are asking how emerging marke
When households increase their deposits in formal bank savings accounts, what is the source of the money?
Get smart & reliable public policy insights right in your inbox.