Following the EU-India summit in May 2021, talks on both an EU-India trade and an investment agreement have resumed. This analysis provides background on where EU-India economic relations stand and why it is important to maintain momentum following this breakthrough, despite a somewhat...

English Abstract: Information about the article "The Latin American Banking System Developed Despite the Crisis" can be found in Cuadernos de Información Económica 148, published by the Foundation of Savings Banks (FUNCAS)

The pandemic-induced lockdowns and the global recession of 2020 that followed have created a highly uncertain global outlook. Globalization is stalling, social cohesion is being eroded by unrest and political polarization, and the still-unfolding economic crisis is threatening the livelihoods of...

Emerging economies are fighting COVID-19 and the economic sudden stop imposed by lockdown policies. Even before COVID-19 took root in emerging economies, however, investors had already started to flee these markets–to a much greater extent than they had at the onset of the 2008 global...

Throughout 2020, the Covid-19 pandemic caused massive human and economic casualties. The pandemic has been a major blow for developing countries, especially low-income countries, from many perspectives. These countries experienced a sudden dry-up of external financing in March 2020, against the...

The start of economic reform under Prime Minister Zhu Rongji and President Deng Xaoping in the late 1980s was widely seen as the turning point for the trajectory of Chinese economy. Key to the reform was the increased private ownership of the production of goods and services as well as the...

The Chinese economy has been undergoing a structural slowdown during the past decade, due to aging, decelerating productivity, and lower returns on assets. The COVID-19 pandemic, coupled with China’s dynamic Zero-COVID policies, have worsened that trend, together with two other important...

In this paper we explore empirically a long-standing question in the literature on finance for growth, namely whether the financial structure - in terms of the size of the banking system relative to the capital markets - matters for economic growth. We build upon the existing literature by...

This paper builds upon the existing empirical literature on the factors behind financial stability, focusing on the role of monetary policy design. In particular, it analyzes a sample of 79 countries in the period 1970 to 1999 to evaluate the effect of the choice of the central bank objectives...

In this paper we assess empirically whether financial inclusion contributes to reducing income inequality when controlling for other key factors, such as economic development and fiscal policy. We conclude that financial inclusion contributes to reducing income inequality to a significant...