Tag: working paper

Officer-Involved Killings of Unarmed Black People and Racial Disparities in Sleep Health

Black individuals are more likely to report shorter sleep durations compared with white individuals, posing a potential public health problem given that short sleep is risk factor for many chronic and mental health conditions. Unequal exposure to police violence, a cardinal manifestation of structural racism, may be a contributor to racial disparities in sleep health. […]

On Par: A Money View of Stablecoins

The rapid growth in stablecoin issuance and the recent testing of stablecoins’ par settlement promises has provoked a flurry of papers proposing various forms of regulation and alternatives, from various vantage points. However, how do stablecoins hold up from the vantage point of the money view, which focuses attention on the mechanism of settlement and […]

The International Monetary Fund and Quota Reform: Background and Key Considerations

As the global economy faces increasing challenges in the aftermath of the COVID-19 pandemic, and as interest rates continue to rapidly rise in the United States and across the Global North, emerging market and developing economies (EMDEs) are facing a perfect storm of high inflation, increased borrowing costs and surging debt levels. Against this backdrop, […]

The Minsky-Kindleberger Connection and the Making of Manias, Panics, and Crashes

While a connection between economists Charles P. Kindleberger and Hyman Minsky is clear, the full extent of their intellectual relationship was unclear. By his own account, Kindleberger’s attention was only first brought to Minsky by Martin Meyer in 1976 as he was looking to build on his renowned book, World in Depression, 1929-1939. Kindleberger and […]

The Triangle of Economic Activity, Inequality and Green Transition in South Africa

South Africa is one of the most unequal countries in the world, with clear race and gender factors seeming to play a major and increasing role in soaring wealth inequality and income inequality. Upon a closer look at inequality, there is a strong relationship between the size distribution of households and sectoral inequality. The link […]

Policy Space for Building Production Capabilities in the Pharmaceuticals Sector in Low- and Middle-Income Countries: Evidence from Bangladesh

Bangladesh is one of the few Least Developed Countries (LDCs) that has been able to gain a foothold in the global medicines market, which is characterized by significantly high entry barriers compared to other traded goods. Policies implemented by the Bangladesh government have strengthened its pharmaceutical sector, but to what extent would Bangladesh have been […]

Going Global: Exporting China’s Hydropower Expansion

By Bridgette Lang According to the International Energy Agency (IEA), the world has added more than 530 GW of newly built hydropower generating capacity from 2000 to 2019, accounting for 40 percent of all capacity the world has built since the 1900s. China is not absent in this worldwide trend, and in fact, has been […]

Climate Risk and IMF Surveillance Policy: A Baseline Analysis

The International Monetary Fund (IMF) has been tasked with quickly devising a climate change strat­egy that helps its members meet collective climate change and development goals while maintaining financial stability. A new working paper by Luma Ramos, Corinne Stephenson, Irene Monasterolo and Kevin P. Gallagher uses textual analysis algorithms to perform a baseline analysis of […]

Poverty, Inequality and the IMF: How Austerity Hurts the Poor and Widens Inequality

In offering loans to developing countries in exchange for policy reforms, the International Monetary Fund (IMF) typically sets the fiscal parameters within which development occurs. Among the drivers of socio-economic development, a new working paper focuses on an important, yet insufficiently understood, international-level determinant: the spread of austerity policies to the developing world by the […]