In this special edition of Policy in Focus, leading authors and practitioners present their research on how cash … transfers can impact the local economy when implemented in a developing country. The aim is to gather and review research … and South-East Asia. The economic impact of social transfers is analysed here through their effects on investment …

2015. We argue that the impact of those hybrid instruments on the bank investment policy is non- monotonic. It is described … differences among banks' clusters, especially in a world with CoCos and policy rates approaching zero or negative figures. In our … the level of leverage, the amount of CoCos to issue, assets and franchise value volatility and the policy rate. Risk …