report July 2, 2021 Middle-class lifestyles start with $ 10 per person and day For the first time in history, more than half the world’s population belongs to the middle class, freed from the spectre of poverty. Although Covid-19 has temporarily slowed the expansion of the middle class, Homi Kharas of the Washington-based Brookings Institution expects it to continue growing once the world economy recovers. He assessed matters in a D+C/E+Z interview. What defines... By Brookings Institute, External Article Brookings Institute
report July 2, 2021 Protecting forests: Are early warning systems effective? Forests play an indispensable role in bolstering biodiversity, supporting a stable climate, and providing sustainable livelihoods. Yet, the earth is rapidly losing its forests. In the last 30 years, the world has lost 180 million hectares of forest—greater than the total area of Libya. Forests, especially tropical rainforests, are often cleared by illegal operators to acquire open land for... By Brookings Institute, Post Brookings Institute
report July 2, 2021 Capturing Africa’s insurance potential for shared prosperity Among the drivers of economic growth and development in emerging countries, insurance is often overlooked in favor of flashier sectors like technology or infrastructure. In fact, though, insurance is a behind-the-scenes factor driving growth at all levels of society, from family life to massive infrastructure projects to technology development. As discussed in my new report, expanding Africa’s lucrative insurance... By Brookings Institute, Post Brookings Institute
report July 2, 2021 PHILIPPINES: Duterte looks first to his succession plans, not legacy Become a member to read the rest of this article Username or E-mail Password Remember Me Forgot Password... By Bob Herrera-Lim Teneo
report July 2, 2021 What role should the SEC play in ESG investing? Environmental Social Governance (ESG) issues continue to climb in importance for many investors and policy makers. What role should public policy and financial regulation play in response to ESG concerns? These questions are of particular importance for the Securities and Exchange Commission (SEC) tasked with protecting America’s capital markets and American investors. SEC Commissioner Hester Peirce will share her perspective... By Brookings Institute, Financial Regulation Brookings Institute
report July 2, 2021 Dirty money in offshore banks Billions of dollars and other currencies are in tax havens outside the owner’s country of origin, allowing individuals and corporations to evade taxation by their home governments. Since many of these offshore accounts are secret, it’s difficult to trace what’s legal and what is not. In new research, Brookings expert Matthew Collin, a David M. Rubenstein Fellow in Global... By Brookings Institute, Podcast Episode Brookings Institute
report July 2, 2021 Passive funds affect prices: evidence from the most ETF dominated asset classes This paper studies exchange-traded funds' (ETFs) price impact in the most ETF dominated asset classes: volatility (VIX) and commodities. I propose a model-independent approach to replicate the VIX futures contract. This allows me to isolate a non-fundamental component in VIX futures prices that is strongly related to the rebalancing of ETFs. To understand the source of that component, I... Bank of International Settlements
report July 2, 2021 Flexible inflation targeting with active fiscal policy Become a member to read the rest of this article Username or E-mail Password Remember Me Forgot Password...
