The Deputy Research Director at the International Monetary Fund (IMF). Jonathan D. Ostry presented his paper Inclusive Financial Globalization? on the afternoon of the 7th NCID Research Workshop, which we hosted the 18th of May at the Fundación Ramón Areces headquarters in Madrid.
“We’ve been observing a tendency for globalization, which lifted billions out of poverty, where the fruits have not been broadly shared”, Ostry said. “One of the things that worry is that it is feeding toward toward rising tendencies toward protectionism”, he said. For those pr...
Camelia Minoiu, Senior Economist at the International Monetary Fund, closed the 7th NCID Research Workshop with the presentation of her paper Financial Access Under the Microscope at the Fundación Ramón Areces in Madrid last 18th of May.
The paper is on financial inclusion. “Financial development and economic growth go hand in hand”, Minoiu said. The study focuses on the microfinance sector, which she considers “a crucial driver of financial development”.
...Boston College Economics Professor Pablo Guerrón-Quintana presented his paper On Regional Borrowing, Default and Migration last Friday 18th May at the 7th NCID Research Workhsop at the Fundación Ramón Areces in Madrid. The paper explores default at a municipal level in the U.S. and explores how migration between cities affects it.
As people migrate some central planners of cities issue more debt than optimal taking into account that migration will continue and it will be paid by those who come to the city in the following years. “This has led some cities to experienc...