The Government of Romania embarked on a series of reforms representing an unparalleled opportunity to converge to EU standards and pursue a smart, sustainable, and inclusive growth. To support these reforms...
The digitalization and development of new financial products accelerated by Coronavirus 2019 (COVID-19) crisis will transform drastically the financial sector of all countries in the following years. Consequently...
Capital controls, policy measures used by governments to regulate cross-country financial flows, have become standard policy options in many emerging market economies. This paper will focus on what capital...
The treatment of credit data during a crisis has potential impact on the integrity of the credit reporting system and ultimately the financial markets. Inadequate and untimely data reduces the reliance...
This paper estimates private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral...
This paper examines the role of monetary policy in fossil fuel exporters at different horizons. The main argument is that central banks in these economies need to look beyond the horizon of the business...
This is a statement by Ignazio Visco, Governor of the Bank of Italy, on behalf of the Constituency of Albania, Greece, Italy, Malta, Portugal, San Marino and Timor-Leste, at the ninety-eighth meeting of...
This paper analyzes the use of capital flow measures in emerging markets. Drawing on a specially compiled new database of capital flow measures, it establishes that policy makers in emerging market economies...