What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...

Recent events have drawn the world's attention to a crisis that has been building up for a long time-forced displacement. Beside five million Palestinians, over half of the refugees worldwide originate from Syria, Afghanistan and Somalia - with Sudan, South Sudan, the Democratic Republic of...