Bank lending during a non-financial recession: Lessons from COVID-19 in Mexico
Bank credit can support firms during recessions in contexts where banks are sufficiently capitalised to lend. However, whether bank lending amplifies or mitigates a downturn – depends not only on banks’ fundamentals, but also on changes to their risk...
Why doesn’t global capital flow to where it’s most productive, in developing countries?
International capital flows can boost global growth and reduce inequality, but numerous geopolitical barriers distort where investment goes – often away from developing countries where it is most productive. Removing these barriers could increase glo...
Mobile communication as mental health policy: Lessons from Ghana during COVID-19
Research on Ghana found that providing low-income adults with small, regular mobile communication credits significantly reduced mental distress and domestic violence during COVID-19.
Why closing a business is so difficult in India – and the costs of staying open
High institutional and regulatory barriers make it unusually costly for manufacturing firms to exit in India – discouraging entry, keeping inefficient firms afloat, and lowering productivity.