The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution
of future growth. Its main strength is its ability to assess the entire distribution of future GDP …

Global investment to achieve the Paris Agreement’s temperature and adaptation goals
requires immediate actions—first and foremost—on climate policies. Policies should be …

This paper focuses on impact of the global financial crisis on the Gulf Cooperation Council (GCC)
Countries and challenges ahead. The oil price boom led to large fiscal and external …

According to a dynamic panel estimated over 1995 - 2008 on around 80 banks in the GCC
region, the NPL ratio worsens as economic growth becomes lower and interest rates and risk …

The question of how India should adapt monetary policy to ongoing financial globalization
has gained prominence with the recent surge in capital inflows. This paper documents the …

According to a dynamic panel estimated over 1995-2008 on around 80 banks in the GCC
region, the NPL ratio worsens as economic growth becomes lower and interest rates and risk …

The SDN discusses the main policy issues and challenges in building an inclusive and safe
Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, …

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation
could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 …

The assessment provides evidence of market segmentation across Islamic and conventional
banks in the Gulf Cooperation Council (GCC), leading to excess liquidity, and an uneven …

The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged)
exchange rate, thereby reducing their freedom to run an independent monetary policy. …