Does Fintech Promote Entrepreneurship? Evidence from China
Peter Knaack | 24 January 2023
Monetary,
Blog | Tags:
Digital Economy,
Entrepreneurship,
Fintech
Policy moves and public statements in recent years indicate that Beijing seeks to simultaneously support the growth of internet finance platforms and reign in anticompetitive practices and risky behavior.
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Tax Expenditure Scrutiny Can End Trillion-Dollar Political Game
Flurim Aliu,
Doug Koplow and
Agustin Redonda | 19 January 2023
Fiscal,
Op-Eds | Tags:
Income Tax,
Inequality,
Tax Expenditures,
United States
Too often, government spending is understood only as cash payments to specific individuals or groups. However, targeted exemptions or reductions in taxes owed strain public coffers similarly to direct spending, though often with far less visibility.
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The Return of China: Mostly Positive News for Vietnam
Patrick Lenain | 17 January 2023
Trade,
Op-Eds | Tags:
China,
Covid-19,
Trade,
Vietnam
In light of China's reopening, many forecasters now see a strong V-shaped rebound from mid-2023, led by private consumption.
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The Swiss National Bank Struggles to Manage Climate Risks
Pierre Monnin | 6 January 2023
Monetary,
Op-Eds | Tags:
Central Banks,
Climate Risk,
Financial Stability
In Europe and elsewhere, central banks are implementing measures to contain financial risks associated with climate change in their asset portfolios. The Swiss National Bank is not among the leaders in this area.
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Trade Protection – What Impact on Jobs and Wages?
Nicolas Benoit and
Patrick Lenain | 23 December 2022
Trade,
Blog | Tags:
Protectionism,
Trade Liberalization,
Unemployment,
Wages
New research indicates that import tariffs by the US on China increased employment and wages in the targeted industries. The benefits are counterbalanced, however, by several costs to the economy as a whole.
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Supporting the Just Transition: a Roadmap for Central Banks and Financial Supervisors
Pierre Monnin and
Nick Robins | 22 December 2022
Monetary,
Policy Briefs | Tags:
Central Banks,
Financial Inclusion,
Financial Supervision,
Inequality,
Transition risks
Shifting to a sustainable economy will reshape the outlook for countries and sectors across the world. Managed well, the net zero transition could lead to more and better jobs as well as reduced risks from climate shocks. Managed poorly, however, it could result not
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Trade in Marine Debris Collection Services
Hildegunn Kyvik Nordås and
Ronald Steenblik | 15 December 2022
Trade,
Policy Briefs | Tags:
Biodiversity Risk,
Environmental Services,
Services Trade
The economic costs of marine debris to the APEC region are high. It is critical to remove restrictions on trade, investment and the temporary movement of people needed to engage in debris clean-up services. APEC Ministers have noted how environmental services are important to prevent,
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How the State Bank of Vietnam Deals With Climate Risks
Pierre Monnin and
Patrick Lenain | 13 December 2022
Monetary,
Op-Eds | Tags:
Central Banks,
Climate Risk
In Vietnam, the central bank has successfully supported economic growth. However, by doing that, the State Bank of Vietnam (SBV) has also contributed – unintentionally – to fast-rising greenhouse gas emissions.
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The Devil in the Detail? Eight Lessons from Tax Expenditure Reporting in Rwanda and Uganda
Hazel Granger,
Kyle McNabb and
Harshil Parekh | 22 November 2022
Fiscal,
Blog | Tags:
Fiscal Policy,
Tax Expenditures
Tax expenditures (TEs) are used widely around the world. Their role in the fiscal systems of low- and middle-income countries has recently attracted increased scrutiny.
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