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The complex link between poverty and health
The relationship between poverty and health is bidirectional and context-dependent, making it far harder to address through policy than it might appear. While public health insurance and a focus on prevention offer the most promising routes to improv...
Why shadow banks beat traditional lenders in some markets but not others
In India, shadow banks do not compete with traditional banks through a single mechanism – fintech lenders use superior data technology to reach underserved borrowers in unsecured markets, while non-fintech shadow banks exploit lighter regulatory cons...
Why the costs of fiscal adjustment have been underestimated in Africa
New narrative evidence for sub-Saharan Africa shows that fiscal tightening has larger negative effects on output in downturns, when implemented through spending cuts, and when aid is scarce.
