This book examines key issues and policy concerns relating to fiscal sustainability and competitiveness in European and Asian economies. In addition to estimating the extent of fiscal capacity or lack thereof for these economies, the authors supplement the empirical analysis with country case...

The extent to which households are financially included may influence central banks’ operation of monetary policy. In such cases, authorities will not need to adjust interest rates as aggressively to key macro variables to have the necessary impact on the economy. Using data for 47 emerging...

Green financial policies are increasingly being implemented by countries to mitigate the physical and transition risks posed by climate change. Aimed at preserving firm-level and macro-financial stability amidst climate-related risks, such policies are often viewed as complements to fiscal...