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The World Bank has approved a €454.4 million (R7.6 billion) low-interest loan to help fund South Africa’s purchase of vaccines.The government had asked for assistance in...

China’s high household savings rate remains a puzzle, with potential explanations including demographic, policy, and financial causes. This column investigates China’s savings rate using individual income and spending transactions linked to demographic characteristics and financial information on loan applications and credit availability. The authors match bank customers to

The state announced that the U.S. Small Business Administration granted its request for a disaster declaration. This makes disaster loans available to individuals and businesses impacted by the January 2022 Southwest Florida tornadoes.

European policymakers are considering whether to reinstate the existing fiscal rules with only the most necessary adjustments, or to put in place a better framework. This column proposes reform anchored in the most important economic criteria for public sector debt sustainability. First, ‘standards’ for a healthy budget composition that should include an agreed minimum ratio

The New York Times article entitled, “The Puzzle of Low Interest Rates” by George Mankiw, a noted Harvard Professor, discussed the steady decline in interest rates over the past four decades in the U.S. According to the Fischer effect, the drop in inflation expectations resulted due to bond investor