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Stages of development of payment systems : leapfrogging across countries and MENA's place in the world

Gévaudan, Clément; Lederman, Daniel - 2020

This paper studies the relationship between the level of economic development and the incidence of three forms of payments across countries, namely the incidence of bank accounts, digital payments, and mobile money accounts among the adult populations across countries. It presents simple...

Persistent link: https://www.econbiz.de/10012228183

The National Payment Systems Oversight Framework for the Maldives Monetary Authority

World Bank Group - 2019

This report aims at assisting Maldives Monetary Authority (MMA) to establish an effective oversight framework to monitor the different payment and settlement systems, payment instruments and payment service providers in the Maldives. The framework for oversight is based on the Bank for...

Persistent link: https://www.econbiz.de/10012646629

Monetary policy in fossil fuel exporters : the curse of horizons

Arezki, Rabah - 2019

This paper examines the role of monetary policy in fossil fuel exporters at different horizons. The main argument is that central banks in these economies need to look beyond the horizon of the business cycle. In the short run, (independent) monetary policy should flexibly target inflation. In...

Persistent link: https://www.econbiz.de/10012051876

Global Estimate of Children in Monetary Poverty : An Update

Silwal, Ani Rudra - 2020

This note builds on previous collaboration between the World Bank Group and UNICEF to estimate the global extent of … child poverty. We estimate that in 2017, 17.5 percent of children in the world (or 356 million) younger than 18 years lived … the official World Bank poverty estimates. Because the estimates pertain to 2017, they do not consider the adverse …

Persistent link: https://www.econbiz.de/10012647602

Foreign Banks and International Transmission of Monetary Policy : Evidence from the Syndicated Loan Market

Demirquc-Kunt, Asli - 2017

This paper uses loan-level data from 124 countries over 1995-2015 to examine the transmission of monetary policy through the cross-border syndicated loan market. The results show that the expansion of monetary policy increases cross-border credit supply especially to weaker firms. However,...

Persistent link: https://www.econbiz.de/10012246509

Taking stock of the financial sector policy response to COVID-19 around the world

Feyen, Erik; Gispert, Tatiana Alonso; Kliatskova, Tatsiana - 2020

policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken …

Persistent link: https://www.econbiz.de/10012434630

A decade after the 2009 Global Recession : macroeconomic and financial sector policies

Koh, Wee Chian; Yu, Shu - 2020

Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...

Persistent link: https://www.econbiz.de/10012257017

Savings Defaults and Payment Delays for Cash Transfers : Field Experimental Evidence from Malawi

Brune, Lasse - 2016

Financial products and transfer schemes are often designed to help individuals improve welfare by following through on intertemporal plans. This paper implements an artefactual field experiment in Malawi to test the ability of households to manage a cash windfall. This study varies whether 474...

Persistent link: https://www.econbiz.de/10012245767

The Retail Payment Costs and Savings in Albania

World Bank Group - 2018

Guide for Measuring Retail Payment Costs) developed by the World Bank's Payment Systems Development Group, part of the … Financial Inclusion, Infrastructure, and Access at the Finance, Competitiveness, and Innovation Global Practice. By applying …

Persistent link: https://www.econbiz.de/10012645370

Financial Inclusion Beyond Payments : Policy Considerations for Digital Savings

World Bank Group - 2019

The report discusses key policy issues that enable and constrain digital savings market development and offers policy considerations within the context of the G20's High-Level Principles for Digital Financial Inclusion. Based on current market observations, three policy considerations seem most...

Persistent link: https://www.econbiz.de/10012646039