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Euro Briefing: The Post Solidarity Era

March 26, 2013
After a week of messy negotiations and flawed proposals, default and devaluation were avoided in Cyprus. Looking ahead, it remains to be seen whether

March 2013 Global Economic Chartbook Update

March 26, 2013
The March edition of the Global Economic Chartbook updates our global outlook, provides charts on the global business cycle, global inflation, world t

Cyprus: Just The Facts

March 19, 2013
This note sheds light on the circumstances that have led to the current crisis and the vulnerabilities related to public finances and domestic banks.

China: The Nascent Bond Market

March 15, 2013

The five-fold increase in the size of the domestic bond market during the past decade underscores the enormous potential for the capital market, but f

Jordan: Costly Turmoil Poses Policy Challenges

March 14, 2013
The regional turmoil has imposed substantial costs on the Jordanian economy, which we attempt to estimate. Our results show that in the absence of the

March 2013 Global Economic Monitor

March 14, 2013
We have become more optimistic about the global growth recovery this month. First, the data flow in Q1 provided more evidence of strength, particularl

Poland: In Search of the Floor

March 14, 2013
Even as headline inflation slowed and real GDP growth softened, the central bank was reluctant to cut interest rates until late 2012, emphasizing its

Ireland and Greece: A Tale of Two Fiscal Adjustments

March 13, 2013
Three years into Europe's crisis, and with output falling in Italy, Spain and Portugal, the different experiences of Ireland and Greece are instructiv

Indonesia: Energy Subsidies Raise Concerns

March 12, 2013
Subsidies have become a pressing problem in the current context of the emergence of an external constraint for the first time in more than a decade. I

Korea: Difficult Start for the New President

March 12, 2013
The honeymoon most newly-elected candidates enjoy on first taking office has eluded President Park Geun-hye. Financial markets are taking the latest d

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