Bridging Finance and Infrastructure
The world economy – and emerging market and developing economies in particular – display a gap between infrastructure needs and its finance. On the one hand, infrastructure investment has…
Global infrastructure finance falls
Enlarge Chart There is a sizeable gap between the world economy's infrastructure needs and available financing. The shortfall is especially pronounced in emerging markets. Infrastructure investment has fallen short…
Filling the infrastructure financing gap
There is a sizeable gap between the world economy’s infrastructure needs and available financing. The shortfall is especially pronounced in emerging markets. Infrastructure investment has fallen short of what is needed to support…
The Metamorphosis of Financial Globalisation
After a strong rising tide starting in the 1990s, financial globalisation seems to have reached a plateau since the global financial crisis. However, that apparent stability has taken place along a deep reshaping of cross-border financial flows, featuring de-banking and an increasing weight of non-banking financial cross-border transactions. Sources of potential instability and long-term funding challenges have morphed accordingly
Matchmaking Finance and Infrastructure
15 July 2017 - Otaviano Canuto, Aleksandra Liaplina The world economy – and emerging market and developing economies in particular – display a gap between their infrastructure needs and the…
Long-term finance and BNDES tapering in Brazil
One major policy issue in Brazil is how to boost productivity, while following a path of fiscal consolidation that will take at least a decade to bring the public-debt-to-GDP…
Bloated Central Bank Balance Sheets
Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times.
ECON+ A “New Normal” For Central Banks
ECON+ has, once again, the pleasure of bringing you an exclusive interview with Otaviano Canuto, Executive Director at the World Bank. This time, the article “The Mist of Central Bank…
The Mist of Central Bank Balance Sheets
The Mist of Central Bank Balance Sheets Otaviano Canuto | Mon, 24 April 2017 This podcast is performed by Mr. Otaviano Canuto. Central banks of large advanced and many…
The Brazilian Debt Hangover
In previous pieces, we have analyzed the run up to the still-ongoing Brazilian recession as a combination of factors. Given an “anemia” of productivity increases, an appetite for public…
De-Risking Is De-Linking Small States from Global Finance
Small states, like the Caribbean countries, have been negatively affected by recent “de-risking” policies implemented by international banks, with particularly damaging consequences on correspondent banking relationships.
The AIIB will help fill the infrastructure finance gap
The AIIB will help fill the infrastructure finance gap 9 April 2015Author: Miriam L. Campanella, University of Turin The China-led Asian Infrastructure Investment Bank (AIIB) will serve to ease the…
Latin American Corporate Finance: Is There a Dark Corner?
Since last year there has been much talk of possible financial stress stemming from increased debt leverage in non-financial corporates of emerging markets economies. A recent study has brought…
Liquidity Glut, Infrastructure Finance Drought and Development Banks
The world economy faces huge infrastructure financing needs that are not being matched on the supply side. Emerging market economies, in particular, have had to deal with international long-term…
Dealing with the challenges of macro financial linkages in emerging markets
Book launch (2014-01-29) - "Dealing with the challenges of macro financial linkages in emerging markets" Click here to download To watch the book launch, click here or copy and paste…