GECMagz

Drivers of international primary income balances

Financial globalisation has been a central feature of the world economy since the mid 1990s, leading to large holdings of…

5 months ago

The digital euro: Awareness, adoption, and household portfolios

Several central banks, including the European Central Bank (ECB), are pursuing plans to potentially introduce a central bank digital currency…

5 months ago

Accommodating emerging giants in the global economy

History provides examples of large changes in the relative economic size of nations. Often these economic realignments coincide with heightened…

5 months ago

Big cities and globalization

Globalisation has been one of the key economic forces of the past half-century. It is credited with lifting millions of…

5 months ago

The state of competition: Why market power has risen – and why antitrust alone won’t fix it

There is intense debate over the origins and implications of rising market power and declining business dynamism across developed economies.…

5 months ago

The paradox of perfect supervision

Each financial crisis brings more financial supervision, more models and larger buffers – but still fragility persists. The paradox of…

5 months ago

A nonlinear Phillips curve helps explain the inflation overshoot

The recent high-inflation episode generated renewed interest among monetary policymakers and academics about the slope of the Phillips curve and…

5 months ago

AI and systemic risk

While artificial intelligence offers substantial benefits to society, including accelerated scientific progress, improved economic growth, better decision making and risk…

5 months ago

Crypto carry: Market segmentation and price distortions in digital asset markets

The rapid growth of cryptocurrency markets has created new challenges for financial regulators and policymakers. With total crypto capitalisation in…

5 months ago

Tariffs and technological hegemony

The Trump administration’s sweeping tariff measures are intended to increase the competitiveness of US firms – especially in high-tech sectors…

5 months ago