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All Outputs (96)

From Financialisation to Innovation in UK Big Pharma: AstraZeneca and GlaxoSmithKline (2022)
Book
Tulum, O., Andreoni, A., & Lazonick, W. (2022). From Financialisation to Innovation in UK Big Pharma: AstraZeneca and GlaxoSmithKline. Cambridge University Press. https://doi.org/10.1017/9781009278140

The tension between innovation and financialisation is central to the business corporation. Innovation entails a 'retain-and-reinvest' allocation regime that can form a foundation for stable and equitable economic growth. Driven by shareholder-value... Read More about From Financialisation to Innovation in UK Big Pharma: AstraZeneca and GlaxoSmithKline.

On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes (2022)
Journal Article
Volz, U. (2022). On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes. Journal of Globalization and Development, 13(2), 379-409. https://doi.org/10.1515/jgd-2021-0071

Sovereign state-contingent instruments (SCDIs) have been suggested as complements or alternatives to traditional sovereign debt instruments for a long time, but with little uptake. Markets for SCDIs have suffered from low liquidity and issues around... Read More about On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes.

The Rise of Social Protection in the Global South: The Role of Foreign Aid (2022)
Report
Niño-Zarazúa, M., Horigoshi, A., Santillán Hernández, A., & Ernesto, T. (2022). The Rise of Social Protection in the Global South: The Role of Foreign Aid

More than half of the world’s population has no access to social safety nets or social insurance. What is international development aid doing to address this? This study demonstrates that, while international aid has contributed to the expansion of s... Read More about The Rise of Social Protection in the Global South: The Role of Foreign Aid.

The Debt-Climate Nexus (2022)
Other
Espinosa, M. F., Volz, U., & Li, Y. (2022). The Debt-Climate Nexus. New York

As central banks tighten monetary policy, dozens of climate-vulnerable, highly-indebted countries teeter on the edge of a financial abyss. To address the confluence of economic and environmental disasters ravaging the Global South, the international... Read More about The Debt-Climate Nexus.

Re-aligning Incentives to Address Informal Payments in Tanzania Public Health Facilities: A Discrete Choice Experiment (2022)
Journal Article
Binyaruka, P., Andreoni, A., Balabanova, D., McKee, M., Hutchinson, E., & Angell, B. (2023). Re-aligning Incentives to Address Informal Payments in Tanzania Public Health Facilities: A Discrete Choice Experiment. International Journal of Health Policy and Management, 12(1), 1-13. https://doi.org/10.34172/ijhpm.2022.6877

Background: Informal payments for healthcare are typically regressive and limit access to quality healthcare while increasing risk of catastrophic health expenditure, especially in developing countries. Different responses have been proposed, but lit... Read More about Re-aligning Incentives to Address Informal Payments in Tanzania Public Health Facilities: A Discrete Choice Experiment.

Governing digital platform power for industrial development: towards an entrepreneurial-regulatory state (2022)
Journal Article
Andreoni, A., & Roberts, S. (2022). Governing digital platform power for industrial development: towards an entrepreneurial-regulatory state. Cambridge Journal of Economics, 46(6), 1431-1454. https://doi.org/10.1093/cje/beac055

Data and digital platforms have simultaneously upended entrenched positions in some industries, opening-up greater and disruptive competition, while driving overall higher levels of concentration through the growing power of multi-sided digital platf... Read More about Governing digital platform power for industrial development: towards an entrepreneurial-regulatory state.

The return of inflation and the weakness of the side of production (2022)
Journal Article
Lapavitsas, C. (2022). The return of inflation and the weakness of the side of production. The Japanese Political Economy, 48(2/4), 149-169. https://doi.org/10.1080/2329194x.2022.2142613

The acceleration of inflation in the early 2020s following the pandemic shock poses significant risks for financialised capitalism. This article argues that the root causes of inflation do not lie with excessive money creation, as is claimed by Monet... Read More about The return of inflation and the weakness of the side of production.

Income Inequality and Redistribution in Sub-Saharan Africa (2022)
Preprint / Working Paper
Niño-Zarazúa, M., Scaturro, F., Jordá, V., & Tarp, F. Income Inequality and Redistribution in Sub-Saharan Africa. Nairobi, Kenya

The theoretical expectation postulated by standard economic theory is that high inequality would lead to higher redistribution via the collective action of the median voter. In this paper, we adopt an instrumental variable approach to test the median... Read More about Income Inequality and Redistribution in Sub-Saharan Africa.

Challenge of Inclusive Federalism in Nepal: A Political Settlements Analysis of Madhesh Province (2022)
Preprint / Working Paper
Khan, M., Roy, P., Prasai, S., Acharya, A., Karna, A., & Neupane, S. Challenge of Inclusive Federalism in Nepal: A Political Settlements Analysis of Madhesh Province. London ; Lalitpur

Nepal’s federal constitution marked the end of a long conflict. Despite its limitations, it is hugely successful in one respect: peace has endured. The political settlements framework looks at how changes in the distribution of power in the years pre... Read More about Challenge of Inclusive Federalism in Nepal: A Political Settlements Analysis of Madhesh Province.

Net Zero Transition Plans: A Supervisory Playbook for Prudential Authorities (2022)
Report
Dikau, S., Robins, N., Smoleńska, A., van 't Klooster, J., & Volz, U. (2022). Net Zero Transition Plans: A Supervisory Playbook for Prudential Authorities

Net zero transition plans are set to become a key part of the pathway to implementing the Paris Agreement. Just as governments need detailed plans to show how they will deliver their net zero targets, corporations and financial institutions need to i... Read More about Net Zero Transition Plans: A Supervisory Playbook for Prudential Authorities.

Standing in the way of rigor? Economics’ meeting with the decolonization agenda (2022)
Journal Article
Kvangraven, I. H., & Kesar, S. (2023). Standing in the way of rigor? Economics’ meeting with the decolonization agenda. Review of International Political Economy, 30(5), 1723-1748. https://doi.org/10.1080/09692290.2022.2131597

This article critically discusses the scope for decolonizing economics teaching. It scrutinizes what it would entail in terms of theory, methods, and pedagogy, and its implications for scholars grappling with issues related to economics teaching. Bas... Read More about Standing in the way of rigor? Economics’ meeting with the decolonization agenda.

Scaling Up Sustainable Finance and Investment in the Global South (2022)
Book
Schoenmaker, D., & Volz, U. (Eds.). (2022). Scaling Up Sustainable Finance and Investment in the Global South. CEPR Press

Creating economically and politically legitimate solutions to tackle climate change is one of the most pressing and challenging issues of our time. For emerging and developing economies, the task is made more difficult due to a lack of financing, inc... Read More about Scaling Up Sustainable Finance and Investment in the Global South.

Harnessing the Potential of Digital Finance for Financing Sustainable Development (2022)
Book Chapter
Dikau, S., Haahr, M., & Volz, U. (2022). Harnessing the Potential of Digital Finance for Financing Sustainable Development. In D. Schoenmaker, & U. Volz (Eds.), Scaling Up Sustainable Finance and Investment in the Global South (161-171). CEPR Press

This chapter highlights the opportunities as well as the risks of digital finance in mobilising capital to support sustainable development in emerging markets. It discusses opportunities for digital approaches to leverage sustainable finance by enlar... Read More about Harnessing the Potential of Digital Finance for Financing Sustainable Development.

The Role of Central Banks and Supervisors in Scaling Up Sustainable Finance and Investment in the Global South (2022)
Book Chapter
Volz, U., Dikau, E., Almeida, E., & Robins, N. (2022). The Role of Central Banks and Supervisors in Scaling Up Sustainable Finance and Investment in the Global South. In D. Schoenmaker, & U. Volz (Eds.), Scaling Up Sustainable Finance and Investment in the Global South (109-132). CEPR Press

This chapter discusses the role that central banks and financial supervisors (CBFSs) in the Global South can play in scaling up sustainable finance and investment. It discusses the rationale for CBFSs to be actively involved in aligning finance with... Read More about The Role of Central Banks and Supervisors in Scaling Up Sustainable Finance and Investment in the Global South.

Sustainable Finance in Southeast Asia (2022)
Book Chapter
Ariyapruchya, S., & Volz, U. (2022). Sustainable Finance in Southeast Asia. In D. Schoenmaker, & U. Volz (Eds.), Scaling Up Sustainable Finance and Investment in the Global South (281-302). CEPR Press

This chapter provides an overview of sustainable finance policies and frameworks that have been established in Southeast Asian countries and at the regional level, reviews developments in sustainable financial markets across the region, contextualise... Read More about Sustainable Finance in Southeast Asia.

Contradictions and Crisis in the World of Work: Informality, Precarity and the Pandemic (2022)
Journal Article
Kesar, S., Bhattacharya, S., & Banerjee, L. (2022). Contradictions and Crisis in the World of Work: Informality, Precarity and the Pandemic. Development and Change, 53(6), 1254-1282. https://doi.org/10.1111/dech.12733

ABSTRACT: The severe economic impact of the COVID‐19 pandemic on the global working population can be interpreted as both a fallout from, and a violent assertion of, a larger crisis in the world of work. While this crisis has been attributed to the p... Read More about Contradictions and Crisis in the World of Work: Informality, Precarity and the Pandemic.