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COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet,…
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Global Imbalances and the COVID-19 Crisis
A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts…
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Impact of Conflict and Political Instability on Banking Crises in Developing Economies
A new IMF staff paper investigates whether rising conflict and political instability globally over the past several decades has led to more banking crises in developing countries. The study focuses on the potential…
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COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?
The amount remitted by migrants from Sub-Saharan Africa (SSA) has grown tenfold in two decades, from $4.8 billion in 2000 to $48 billion in 2018. This reflects a steady increase in the number…
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COVID-19 Crushes Global Economy but Emerging Markets are in Bigger Troubles
By 2021, it is of high expectation that the world will return to normalcy, and economies around the world should recover from the adverse effect of coronavirus spread. However, emerging markets may continue…
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The Impact of COVID-19 (Coronavirus) on Global Poverty: Why Sub-Saharan Africa Might be the Region Hardest Hit
COVID-19 is taking its toll on the world, causing deaths, illnesses and economic despair. But how is the deadly virus impacting global poverty? Here we’ll argue that it is pushing about 40-60 million…
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Germany: The Troubled Giant
So far in 2020, the industrial giant of EU zone has been badly hit as a result of several factors in the global space, causing further pain for the economy. In January 2020,…
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What Beer Sales Tell us about the Recession
Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it’s still losing market share. That’s because the economics of the beer business are complicated.…
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Venezuela: Can the Grass be Green Again?
Inflation rate in Venezuela has skyrocketed, moving an average figure of 21.07% in 2012 to as high as 65,374.08% in 2018 before moderating to c.15,000% in 2020. Hence, the venezuelan Bolivar has lost…
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Central Banks’ Digital Currencies: To Cherish or Not?
Tech companies have done a lot to make cashless payments mainstream, and while the argument that the central bank should officially approve the adoption of digital currencies or regulate them is ongoing, the…
