The ongoing novel coronavirus (COVID-19) pandemic poses an unprecedented challenge to public health on a global scale. As governments are scrambling to safeguard peoples’ health, the contagion has fast extended to the economic sphere, creating an international economic crisis, unique in the...

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...