This paper examines the macroeconomic, financial, and institutional factors which affect the adoption of inflation targeting as a monetary policy strategy. We estimate a panel binary response model for 44 emerging market economies (EMEs) during 1990- 2017. The main findings from our empirical...

In this paper, we study whether adopting Inflation Targeting (IT) in Emerging Market Economies (EMEs) affects the output costs of disinflation, controlling for a number of additional factors. Based on a sample of 170 disinflation episodes in 44 EMEs over the 1970-2017 period, we provide strong...

Over the past decade, a large number of low- and lower-middle income 'frontier economies' have begun to access international private capital markets to meet fiscal financing needs. In this paper we seek to identify drivers of this trend, identify associated risks, and present policy implications...

We investigated whether a bank’s popularity and depositors’ fear of Google search volume could affect bank deposits and credit. We use Google Trends data combined with BankFocus on the Indonesian banking industry, which offers a unique setting with massive Internet penetration in banking and...

The Global South consists of emerging nations with increasing economic and political strength, drawing attention to their unique leadership challenges and opportunities. Visionary leaders from the Global South leverage their political and economic influence to challenge the status quo and...