emerging markets

New estimates of the social rates of return on investment in road infrastructure in emerging market and developing economies highlight substantial unrealised gains from redirecting advanced-economy savings towards public investment in developing coun...

Frontier markets have significant potential for future growth and job creation, due to their large and rapidly growing populations, improving human capital, and increasing integration into international financial markets. However, their economic perf...

Short-term foreign currency borrowing is largely used for carry trade-like activities rather than financing productive investment, underscoring the need to focus on debt maturity and firm heterogeneity when designing policies to manage financial risk...

Valuation changes are crucial for understanding countries’ external positions. We analyse whether emerging market economies benefit from risk-sharing in the international monetary system through the valuation channel.

Satellite imagery of night-time city lights suggests that agglomeration is skill-biased in Brazil, China, and India, as it is in developed economies

Increased competition in agriculture markets sustained by informal contracts can diminish performance and value for all players in the supply chain

The future may bring political tensions in reconciling economic dreams with the economic reality of slower growth