We study how banking groups adjust corporate credit supply in response to tighter macroprudential policies. Using granular data on syndicated corporate loans, we show that banking groups reallocate lending from bank subsidiaries toward affiliated nonbank financial institutions (NBFIs) following...

This study examines the role of financial infrastructure in shaping child health outcomes in rural India, with a particular focus on whether access to rural banking mitigates the adverse effects of agricultural income shocks. Using data from the National Family and Health Surveys (NFHS), I...

The Technical Assistance (TA) mission, conducted in Bridgeton, Barbados, from July 8 to 12, 2024, supported the Central Bank of Barbados (CBB) in the integration of climate risk analysis (CRA) into its banking stress testing framework, building on prior CARTAC technical assistance. It focused on...

This qualitative study investigates the systemic barriers hindering the realization of a public library in Kwa-Mhlanga, a rural village in Mpumalanga, South Africa. While often viewed as mere infrastructure, the library represents a vital "living room" for a community currently denied its right...

Purpose: This study explores the barriers to adopting Industry 4.0 technologies within the pharmaceutical manufacturing sector. Despite the potential for transformative benefits, the sector has been slow in embracing these technologies due to unique regulatory and operational challenges. This...

This paper provides clear evidence that concerns for basic needs satisfaction (BNS) represent a distinct distributional motive. Using a unified theoretical and experimental framework across five dictator-game experiments in Germany and Georgia (N=446), we disentangle BNS from motives such as...

This paper provides clear evidence that concerns for basic needs satisfaction (BNS) represent a distinct distributional motive. Using a unified theoretical and experimental framework across five dictatorgame experiments in Germany and Georgia (N=446), we disentangle BNS from motives such as...

This paper provides clear evidence that concerns for basic needs satisfaction (BNS) represent a distinct distributional motive. Using a unified theoretical and experimental framework across five dictator-game experiments in Germany and Georgia (N=446), we disentangle BNS from motives such as...