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Do Monetary Policy Rates Reach Borrowers? Evidence from Household and Firm Loans in 96 Countries — by Santosh Anagol, Shing-Yi Wang
We harmonize survey data on interest rates paid by approximately 15,000 small and medium enterprises across 125 firm surveys and 285,000 households across 83 household surveys spanning developing and rich countries to study the relationship between monetary policy rates and borrowing costs faced by SMEs and households. Using within-country variation in policy rates over time,…
She cleans your house but the tax system can’t see her
We’re pleased to share this blog from the Tax Justice Network chair Lyla Latif (Pan-African lawyer, academic, and policy strategist) on how domestic work platforms are replicating colonial labour exclusions in digital form. As Lyla writes: “This is not simply an administrative inefficiency. It is a form of structural injustice with fiscal mechanisms.” You can…
A World Cup Final Through Austrian Eyes
Imagine that history made one small exception. For one evening only, time stopped separating generations. High above the noise of a packed World Cup final game, in a quiet corner of the grandstand untouched by television cameras, eight elderly gentlemen quietly took their seats. No one around them seemed to notice. The crowd had come…
Banknote imagery expert panel minutes – 10 March 2026
Minutes Item 1 – Introduction and background The Chair opened the meeting, highlighting the importance of the decisions to be made in selecting a shortlist of wildlife, thanking panel members for their involvement, and asking them to introduce themselves. The team outlined trends in cash demand, highlighting the continued role played by cash in society,…
Federal Reserve Board – Agencies issue joint statement on handling of highly sensitive information during bank examinations
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Agencies issue joint statement on handling of highly sensitive information during bank examinations Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation…