Over the years, the demand for seamless and inexpensive cross-border payments has grown in parallel with growth in international e-commerce, remittances and tourism. Yet, cross-border payments have not kept pace with the intensive modernization that has characterized domestic payment services...

In recent years, due to innovations in technology, the concept of digital currency has emerged out of the desire of some private entities to replicate specific properties of cash in the digital space. Digital currencies have been issued in various electronic formats and value propositions, and...

Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in the...

Emerging technology curation series aims to capture and share Korea experience and lessons learned in regard to exploration and adoption of emerging technologies like blockchain, AI, edge-computing, internet of things (IoT), 5G, etc. Korea blockchain ecosystem is the first of the series and...

The World Bank began a three-year pilot initiative to develop a framework for enhancing development benefits to local communities in hydropower projects. There has been a wide array of approaches in the past two decades that all have in common the objective of designing and implementing means...

This study examines the gender profile of the Russian Federation through a comprehensive review of the current literature (1248 publications on gender issues throughout the transition decade) on the conditions of women and men and on the gender disparities in a number of indicators. The report...

National systems for environmental and social impact assessment (ESIA) are designed to improve the environmental and social performance of projects and support countries' sustainable development strategies. The objectives of this Literature Review are to identify trends, findings and gaps in...

"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...

"This paper examines the link between sectoral concentration and overall performance in the search for on-the-frontier innovations, inside-the-frontier innovations, and export booms. It extends the literature by increasing country coverage and the types of search processes considered, and by...