The first analytical research book on financing for development (FFD), in response to the 2030 Agenda and the Addis Ababa Agenda on FFD, focuses on forward-looking tax policies for sustainable development in four priority areas. The city finance chapter discusses challenges and solutions in the...

Past literature has proven that liquidity plays a role in stock pricing, but our study shows that this role is remarkably bigger during an unstable period – the subprime crisis. The market became more sensitive to illiquidity costs and investors were paying a higher premium in crisis than in...

The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) by using...