Revenge of the experts: Will COVID-19 renew or diminish trust in science?
It is argued that COVID-19 will reverse the ongoing trend of challenging the value of science and the integrity of scientists. This column shows that...
Gendered Laws And Women In The Workforce
This paper offers for the first time a global picture of gender discrimination by the law as it affects women’s economic opportunity and charts the...
Regulatory Reforms after Covid
Fiscal crises, particularly following a pandemic of the magnitude of Covid-19, spur regulatory reform, for example in registering property, trading...
COVID-19: A Double Whammy of Financial and Economic Sudden Stops for Emerging Economies
While it is too early to say how the disruptions caused by the COVID-19 pandemic will ultimately affect emerging market economies (EMs), experience...
The Economic Risk of COVID-19 in Developing Countries: Where is it Highest?
We measure the economic risk of COVID-19 in developing countries using pre- pandemic data sources. Following the standard conceptual model of...
Coping with a Dual Shock: Perspective from the Middle East and North Africa
Countries in the Middle East and North Africa (MENA) face a dual shock from the Covid-19 pandemic and a collapse in oil prices. The dual shock has...
Revenge of the Experts: Will COVID-19 Renew or Diminish Public Trust in Science?
An effect of the COVID-19 pandemic, it is sometimes suggested, will be to reverse the secular trend toward questioning the value of scientific...
Exchange Rate Exposure and Firm Dynamics
This paper develops a heterogeneous firm-dynamics model to jointly study firms’ currency debt composition and investment choices. In our model...
Measuring the Ex-Ante Incentive Effects of Bankruptcy Reorganization Procedures
The EU’s 2019 Insolvency Directive increases debt holders’ control over bankruptcy reorganization proceedings, mirroring recent trends in U.S. Chapter...
Public Procurement in Law and Practice
We examine a new data set of laws and practices governing public procurement, as well as procurement outcomes, in 187 countries. We measure regulation...
Survival of Firms during Economic Crisis
We estimate the survival time of nearly 7,000 firms in a dozen of high-income and middle-income countries in a scenario of extreme economic distress...
When economic informality is high, cash transfers may be the best Covid response
Job retention schemes, unemployment benefits and business loans may not apply in many developing countries, write Erica Bosio and Simeon Djankov.
The need to issue long-dated gilts
The COVID-19 crisis presents a multi-faceted challenge to policymakers. A combination of declining commodity prices, the rise in unemployment, and...
UK investment fund for high-growth firms is a step in the right direction
Juanita Gonzalez-Uribe explains in her latest blog why she thinks the second-wave policy tool meant to deal with Covid-19 may have design flaws that...
The simplest way to unlock $4.65 trillion in liquidity for firms
Governments wondering how to help the private sector should look no further: just pay your bills on time, write Erica Bosio, Simeon Djankov, Emilia...
Southern European and emerging market firms are under severe distress
With lockdown measures in place almost worldwide now, cash-flow represents a significant concern for firms across multiple sectors. It remains to be...
