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Recovery after a disaster is a complex process that involves several elements, including how badly the disaster struck, the resources (both private-owned and government-aided) and help available to households, and the country's economic health...
This study provides a comprehensive analysis of poverty trends among older people in the Philippines, using various data sources. It analyzes both monetary and multidimensional measures of poverty, as well as income sources, expenditure patterns, ...
Climate change causes widespread health harms, threatens health care delivery and infrastructure, and undermines the achievement of universal health coverage (UHC) (Cissé et al., 2022; Moradi et al., 2021; Romanello et al., 2023; Salas & Jha, ...
This project uses unique Chilean administrative data to shed light on how production networks might play a key role in shaping the macroeconomic impacts of green transition policies. First, using customs and firm-to-firm transaction data that cove...
Experiments with tokenisation are gaining momentum.1 By enabling the contingent execution of actions, tokenisation can help to enhance the efficiency of markets, reduce settlement risk, broaden investment access and spur the creation of new financ...
This paper studies how El Ni˜no Costero, a large climatic event, generates physical risks disrupting business cycles and hindering the effectiveness of monetary policy. Using Peruvian data, we find consistent empirical evidence that El Ni˜no shock...
Private credit has become an important source of funding for mid-sized firms, increasingly replacing bank credit. The industry manages more than $2.2 trillion in assets globally, up from just $100 billion in 2010. In many jurisdictions, private cr...
Stablecoins are cryptoasset tokens that circulate mainly on public permissionless blockchains and strive to maintain a stable value relative to a reference asset. Most stablecoins are pegged to the US dollar, promising redeeming investors one doll...
Climate change poses a significant risk to financial stability by impacting sovereign credit risk. Quantifying the exact impact is difficult as climate risk encompasses different components – transition risk and physical risk – with some of these,...
Quantum computers may in the future break today’s widely used encryption. This paper provides a framework to support the financial system in the transition to quantum-safe cryptographic infrastructures. It emphasises the need to start the transiti...