Jeffrey Frankel discussed the potential impact of the pandemic on global economic convergence at the G20 Global Financial Stability Conference 2021. Despite a resilient world economy in the first half of 2021, downside risks persist due to monetary and fiscal stimuli. The divergence between Emerging

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Explore the complexities of sovereign debt in large advanced economies and EMDEs, analyzing key factors like external debt, currency mismatches, and domestic public debt. Delve into the consequences of traditional "original sin" borrowing practices and potential solutions for managing sovereign debt

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Higher remittances in Emerging Market/Developing Economies (EMDEs) between 1990-2018 positively impact risk sharing between consumption and income growth, unlike other types of capital flows. Remittances contribute significantly to enhancing risk-sharing effects, offering about 15% of risk sharing i

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