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Crypto Assets and CBDCs in Latin America and the Caribbean: Opportunities and Risks

Author/Editor: Maximiliano Appendino, Olga Bespalova, Rina Bhattacharya, Jean François Clevy, Nan Geng, Takuji Komatsuzaki, Justin Lesniak, Weicheng Lian, Sandra Marcelino, Mauricio Villafuerte, Yorbol Yakhshilikov.

Release Date:February, 2023

After providing a general overview of the nature, pros, and cons of crypto assets and CBDCs, this paper focuses on documenting their recent experience in LAC. The region records a high interest in more...



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Macroprudential Policies and House Prices in Europe

Author/Editor: Marco Arena, Tingyun Chen, Seung M Choi, Nan Geng, Cheikh A Gueye, Tonny Lybek, Evan Papageorgiou, Yuanyan Sophia Zhang.

Release Date:February, 2020

Macroprudential policy in Europe aligns with the objective of limiting systemic risk, namely the risk of widespread disruption to the provision of financial services that is caused by an impairment more...



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Fundamental Drivers of House Prices in Advanced Economies

Author/Editor: Nan Geng.

Release Date:July, 2018

House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, more...



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Carry Trade vs. Deposit-Driven Euroization

Author/Editor: Nan Geng, Tiberiu Scutaru, Johannes Wiegand.

Release Date:March, 2018

Financial “euroization”—or “dollarization” outside of Central and Eastern Europe—is typically analyzed as a singular phenomenon that can be traced to a common set of factors. This paper more...



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Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe

Author/Editor: Nazim Belhocine, Ernesto Crivelli, Nan Geng, Tiberiu Scutaru, Johannes Wiegand, Zaijin Zhan.

Release Date:November, 2016

The demands on monetary and exchange rate regimes in CESEE have evolved, in line with the region’s development. In the 1990s, the immediate challenge was to rein in excessive inflation following more...



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From Expenditure Consolidation to Expenditure Efficiency : Addressing Public Expenditure Pressures in Lithuania

Author/Editor: David Coady, Nan Geng.

Release Date:December, 2015

This paper reviews public expenditure in Lithuania to identify areas where deeper structural
 reforms may be warranted to improve spending efficiency and contain future spending
 more...



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Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe

Author/Editor: Greetje Everaert, Natasha X Che, Nan Geng, Bertrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, Li Zeng.

Release Date:January, 2015

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this more...



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Toward A Sustainable and Inclusive Consolidation in Lithuania: Past Experience and What is Needed Going Forward

Author/Editor: Nan Geng.

Release Date:July, 2013

This paper reviews Lithuania’s fiscal consolidation since 2009, assesses the contribution of revenue and expenditure to the consolidation, evaluates the quality of measures, and draws lessons for more...



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Determinants of Corporate Investment in China: Evidence from Cross-Country Firm Level Data

Author/Editor: Nan Geng, Papa N'Diaye.

Release Date:March, 2012

This paper analyzes the evolution of investment in China, its main features, and its key determinants. In recent years, manufacturing, real estate, and infrastructure have been the main drivers of more...



Price: $18.00