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Publications (622)
– The new structural financial economics framework
The primary role of finance is to serve the ‘real economy’¬—the part of the economy that produces goods and services. Yet in practice, the financial sector often excessively indulges in speculative activities rather than performing its main functions, such as channeling saving for productive...
Journal Article
– Examining the role of conventional banks in deepening access to formal credit
ARTICLE IS ON EARLY VIEW | Using a unique district-level panel dataset, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking...
Book Chapter
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
From the book:
Sustaining Tanzania's Economic Development
Book Chapter
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
From the book:
Sustaining Tanzania's Economic Development
– A Framework for Rethinking the Role of Finance in Serving the Real Economy
The study proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics. It challenges conventional wisdom that developing countries should take the financial structure of developed countries as the...
Pursuing the global development agenda will require genuine commitment from political leaders and significant stepping-up of government efforts. But, above all, it will require increased financial resources. Where will these resources come from?We are at the mid-point of the 2030 Agenda for...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
– An exploratory note
This note explores the literature on the determinants of foreign direct investment and domestic savings. With respect to foreign direct investment, it argues that institutional quality is the key driver of the type of investment that is necessary for structural transformation. With respect to...
Blog
As we conclude the groundbreaking years of the 2019–2023 work programme on transforming economies, states, and societies, we reflect on the milestones achieved and anticipate the journey ahead.In 2019, I assumed the role of Director at UNU-WIDER and initiated the planning of the new work programme...
Working Paper
pdf
We investigate if financial inclusion leads to improved nutrition in rural Rwanda, using Rwandan Integrated Household Living Conditions surveys (2013/14 and 2016/17). Our empirical evidence shows a robust positive impact of financial inclusion efforts undertaken by formal financial institutions...
Journal Article
– Evidence from financial liberalization
THIS ARTICLE IS ON EARLY VIEW This study examines the redistributive effects of financial liberalization, including domestic and external finance reforms, implemented in 64 emerging and low-income countries over the past four decades. To identify these effects, we employ a 'doubly robust' estimation...
Working Paper
pdf
– Temporary bandages to permanent wounds?
This paper provides a contextual analysis of the adoption of Bitcoin as legal tender in El Salvador. First, we outline the historical context and the political situation of the period 2019–24 that serve as context for the passage and implementation of the Bitcoin law (Decree No. 57). We identify the...
Blog
– Four focus areas on center stage
A recent panel discussion at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok set out to identify policy interventions that can drive transformational change and support the Asia–Pacific (APAC) region in achieving the SDGs. The panel convened experts from...
Blog
– New Projections of the UN Sustainable Development Goals
Today, October 17th is the UN International Day for the Eradication of Poverty (you already knew that, right?). In new analysis for UNU-WIDER, we assess progress towards the global poverty-related SDGs, specifically monetary poverty, undernutrition, child and maternal mortality, and access to clean...
Working Paper
pdf
– A neural network approach
Double taxation treaties, by assigning taxing rights to rival countries and thereby eradicating double taxation, aim to facilitate cross-border trade and investment. The eradication of double taxation is achieved through reductions in withholding tax rates on passive income in source countries...
Working Paper
pdf
– New projections of the UN Sustainable Development Goals
In this paper, we present new projections for a range of global poverty-related Sustainable Development Goals (SDGs), specifically, extreme monetary poverty, undernutrition, stunting, child mortality, maternal mortality, and access to clean water and basic sanitation.Our projections, based on...
Working Paper
pdf
The ethnic diversity–financial inclusion nexus remains one of the least explored topics in the literature despite global attempts to promote cultural mixing due to its socioeconomic benefits. We contribute to the literature by examining the link between ethnic diversity and financial inclusion using...
Displaying 16 of 622 results