Category: FINANCIAL STABILITY

Capital Openness and Income Inequality: Smooth Sailing or Troubled Waters?

The 2008 Global Financial Crisis and subsequent financial turbulence has triggered economists and policymakers to revisit the extent to which capital account liberalization is optimal for all countries at all levels of development. Liberalization is a positive step for financial development as it can increase risk-sharing within the domestic economy and smooth out domestic consumption, […]

Renewable Energy Investment in Africa and NDCs

The Paris Agreement marked the beginning of a new international bottom-up approach to climate change where all countries submitted Nationally Determined Contributions (NDCs), outlining  the intended actions of  a nation to respond to climate change. Typically, most developing country NDCs comprise conditional contributions contingent upon international support and unconditional contributions that the country intends to […]