Emerging markets face risk of policy error amid conflicting priorities

Emerging-market central banks face a Catch-22 where plunging economic growth means they can’t keep monetary conditions tight, but elevated inflation doesn’t allow them to halt rate hikes either. The result is a growing risk of monetary-policy error. Countries from Poland Read More …

Climate change, risk finance, and innovative financial instruments

Risk is “the potential for consequences where the outcome is uncertain and something of value is at stake” (Intergovernmental Panel on Climate Change). It has distinguishable elements including a hazard, exposure, vulnerability, response options, values, magnitude, likelihood, and temporal characteristics, and Read More …