The financial crisis of 2008 underlined that the equity capital requirement for banks is a policy setting of fundamental importance. …
Artificial intelligence is spreading quickly among European firms. Using new surveys from Germany, Italy, and Spain, this column shows that…
Much of what we know about geopolitical risk is filtered through a narrow informational lens of global English-language media. This…
Recent years have brought a renewed, coordinated push to restrict abortion, from the US to Hungary and Poland. Earlier this…
Imagine being asked to build a school on a budget that barely buys a stack of bricks, but no cement,…
In 2017, a ransomware spread across multiple countries, causing an estimated $10 billion in damage to businesses worldwide. More recently, in Costa Rica, a major incident in 2022 forced the government to declare a national state…
First, the good news: in the face of one shock after another, the global economy has proved to be surprisingly…
Throughout history, water has been the quiet engine behind progress: farmers irrigate fields to grow crops; industry needs it to…
Years of shocks and imbalanced recoveries have significantly impacted longstanding global poverty trends. In just the last five years, the economic pressures…
In most jurisdictions today, two legacy conventions cause significant misperceptions of central bank money—the backbone of modern monetary systems. First, it is…