GECMagz

Central bank digital currency and monetary sovereignty

The European Central Bank’s work on a digital euro has increasingly been framed as a matter of monetary sovereignty. In…

4 months ago

What we can learn from public debt reductions in OECD countries

Across the OECD, general government gross financial liabilities reached 111% of GDP at the end of 2024, almost 40 percentage…

4 months ago

New evidence on the resilience benefit of borrower-based measures when interest rates go up

Most of the major banking crises in modern economic history have been preceded by a U-shape in monetary policy rates,…

4 months ago

Demystifying trade patterns in a fragmenting world

Since the rise of US–China trade tensions, there has been a growing debate on the impact of rising trade barriers…

5 months ago

The impact of uncertainty on corporate borrowing in the euro area

Recently, uncertainty has been elevated due to trade tariff disputes, economic policy changes, and geopolitical risks. In the last few quarters,…

5 months ago

The Bank of England’s capital mistake?

The financial crisis of 2008 underlined that the equity capital requirement for banks is a policy setting of fundamental importance. …

5 months ago

Embracing AI in Europe: New evidence from harmonised central bank business surveys

Artificial intelligence is spreading quickly among European firms. Using new surveys from Germany, Italy, and Spain, this column shows that…

5 months ago

Northern insights: Measuring geopolitical risk through Finnish news media

Much of what we know about geopolitical risk is filtered through a narrow informational lens of global English-language media. This…

5 months ago

Beneath the ban of abortion: Evidence from the USSR

Recent years have brought a renewed, coordinated push to restrict abortion, from the US to Hungary and Poland. Earlier this…

5 months ago

How to boost learning in low-income countries: Raising revenues or cutting costs?

Imagine being asked to build a school on a budget that barely buys a stack of bricks, but no cement,…

5 months ago