Consumer Loans, Heterogeneous Interest Rates, and Inequality
Using the Brazilian administrative credit registry data with the universe of all
consumer loans originated by banks in the country from 2013 to 2019, we document
high borrowing interest rates, which vary systematically with individual’s
characteristics. In particular, even after controlling for several observable
individual attributes (such as income, occupation, and default probabilities,
low-income), individuals pay higher interest rates than high-income borrowers.
Increasing market acceptance ELTI position paper on the targeted recast of the EU Financial Regulation
On 16 May 2022 the European Commission published a targeted amendment of the EU Financial Regulation, “aiming to strike the right balance by focusing on changes that are really necessary” and included “targeted improvements”, not least on “strengthening the protection of the Union financial interests”.
Aligning Development Finance with Nature’s Needs: The role of government shareholders of development banks
Public Development Bank (PDB) encompasses a range of institutions with government shareholding, including multilateral, bilateral, national, and sub-national development banks. These banks have public policy-oriented mandates (as opposed to commercial mandates), and deploy financial instruments such as loans, equity, or guarantees (as distinguished from grant-making agencies). They exist to enable sustainable economic development, but some of their investments also put nature at risk.
Good Practices and Innovations in Risk Management for Agri-SME Finance Under COVID-19
African Economic Outlook 2021
The 2021 edition of the African Economic Outlook focuses on debt resolution, governance, and growth in Africa. Chapter 1 examines Africa’s growth performance and outlook amid the Covid–19 pandemic. It starts by emphasizing on policy options to mitigate the effects of the pandemic in the short, medium, and long terms. It also explores the causes and consequences of Africa’s debt dynamics by showing how the changing structure and composition of debt create vulnerabilities.