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Find Me Unafraid

by Jessica Posner, Kennedy Odede & Nicholas Kristof

Kennedy Odede found his first grey hair at six. Named after John F. Kennedy, he grew up as the eldest of eight children in Kibera, a teeming Kenyan slum without sewage systems, roads, running water, or access...

No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy

by Linsey Mcgoey

Philanthro-capitalism: How charity became big business

The charitable sector is one of the fastest-growing industries in the global economy. Nearly half of the more than 85,000 private foundations in the United...

Disaster Capitalism

by Antony Loewenstein

Crisis? What crisis? How powerful corporations make a killing out of disaster

Award-winning journalist Antony Loewenstein travels across the US, Britain, Afghanistan, Pakistan, Haiti, Papua New Guinea and Australia...

NGOs in the Muslim World: Faith and Social Services

by Susumu Nejima

Muslim NGOs are continuously expanding their field of activities to various areas, including education, medical services, environment, aging societies, gender issues, and inter-religious dialogue. They are visible...

Spillovers from China onto Sub-Saharan Africa

by Derek, Mr. Anderson & Jorge Iván Canales, Mr. Kriljenko

What is the impact of economic spillovers from China on sub-Saharan Africa (SSA)? This is an increasingly important question because of China's growing economic role as a partner of SSA countriesfor both trade...

Emerging Powers and Global Governance

by Rakesh Mohan & Muneesh Kapur

The governance structure in global bodies like the IMF continues to be disproportionally dominated by advanced economies. Sustained rapid growth in emerging and developing economies (EDEs) in the past 2-3 decades...

Capital Controls or Macroprudential Regulation?

by Anton, Mr. Korinek & Damiano Sandri

International capital flows can create significant financial instability in emerging economies because of pecuniary externalities associated with exchange rate movements. Does this make it optimal to impose...

Clay Water Brick: Finding Inspiration from Entrepreneurs Who Do the Most with the Least

by Jessica Jackley & Jeffrey D. Sachs

In the tradition of Kabul Beauty School and Start Something That Matters comes an inspiring story of social entrepreneurship from the co-founder of Kiva, the first online microlending platform for the working...

The Economic Rise of China and India

by Vittorio Valli

The last decades have witnessed the spectacular rise of two great Asian economies: China and India. China has moved first. Since 1978 sweeping economic reforms have radically transformed the country. China has...

A New Methodology for Estimating the Output Gap in the United States

by Ali Alichi

The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap...

Lower for Longer:Neutral Rates in the United States

by Andrea Pescatori & Jarkko Turunen

We use a semi structural model to estimate neutral rates in the United States. Our Bayesian estimation incorporates prior information on the output gap and potential output (based on a production function approach)...

Correcting "Beyond the Cycle:" Accounting for Asset Prices in Structural Fiscal Balances

by Estelle X. Liu & Todd Mattina

This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements...

Saving in Latin America and the Caribbean:Performance and Policies

by Francesco Grigoli & Alexander Herman

This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions...

Volunteer Tourism: The lifestyle politics of international development

by Jim Butcher & Peter Smith

Just a generation ago the notion that holidays should be invested with ethical and political significance would have sounded odd. Today it is part of the lifestyle political landscape.

Volunteer tourism is indicative...

Ireland:Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles

by International Monetary Fund. Department

This paper discusses findings of the Detailed Assessment of Observance on the Insurance Core Principles on Ireland. It highlights that the Central Bank of Ireland (CBI) has made significant progress in updating...

Investment in Emerging Markets We Are Not in Kansas Anymore...Or Are We?

by Nicolas E. Magud & Sebastian Sosa

We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output...

Soft Power and Exchange Rate Volatility

by Serhan Cevik & Richard Harris

Standard models—based exclusively on macro-financial variables—have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of “soft power” factors...

Belgium:Selected Issues

by International Monetary Fund. Euro Dept.

This Selected Issues paper illustrates the recent evolution in Belgian housing prices. Belgian housing prices peaked at the end of 2013 after a persistent increase that was almost continuous for 30 years. The...

Paraguay:Selected Issues Paper

by International Monetary Fund. West Dept.

This Selected Issues paper analyzes the spillover effects of key external shocks on Paraguay. It presents an overview of Paraguay's major economic and financial linkages with the rest world, and quantifies the...

The Blood Bankers: Tales from the Global Underground Economy

by James S. Henry & Bill Bradley

Like tentacles on a vast octopus, the firsthand investigations in The Blood Bankers all lead to one core. A financial detective of sorts, investigative journalist Jim Henry analyzes a range of scandals, including...