Teachers are the single most important input to learning, and in many countries in Sub-Saharan Africa teachers' emoluments account for most of the spending on basic education (Bold et al., 2017). However, in many countries in the region teachers are poorly distributed between schools. Schools in...

Bulgaria's financial integration with Europe has been essential in financing economic transition and spurring economic growth. As the sovereign debt turmoil in Europe casts a cloud over the financial sector, the development of capital markets over the medium term may offer a beneficial...

"This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America. This paradigm was shaped over the past decades by a fundamental shift in thinking...