European banking remains fragmented, leaving billions of euros inefficiently allocated. Reforms to establish a European deposit insurance system have been proposed to allow cross-border banking
The postwar international order is no longer functioning as its architects intended. Rules remain, but their authority has weakened. Institutions remain, but their capacity to
The dollar’s role as the world’s reserve currency has been blamed for an overvalued exchange rate that hollows out US manufacturing. This column quantifies what
Occupational licensing has become an increasingly important topic in labour market policy. Governments across advanced economies are debating whether licensing requirements unnecessarily restrict entry into
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