GECMagz

The Grexit debate ten years on: What we have learned

This week ten years ago, Greece was on the brink of exiting the euro. The integrity of the currency union…

5 months ago

The market implications of industrial subsidies

Governments are increasingly employing subsidies and other types of industrial policies in general (Hasanov and Cherif 2019, Juhász et al.…

5 months ago

Investment funds and euro disaster risk

Investment funds are important players in global financial markets. This column examines their behaviour and interaction with other investors during…

5 months ago

How the SS Great Britain overcame the tyranny of distance

The transition from sail to steam power for cargo and passenger shipping to Australia lagged behind the North Atlantic by…

5 months ago

Geopolitical fragmentation and friendshoring

As geopolitical uncertainty rises, firms are increasingly factoring political alignment into their investment decisions. This column uses detailed global data…

5 months ago

Rethinking social protection sustainability: What people want (and don’t want)

Population ageing makes it harder for governments to finance programmes like public pensions and long-term care. But policy responses, such…

5 months ago

Climate change, firms, and aggregate productivity

Policy debates around climate change frequently focus on the trade-off between the near-term costs of reducing carbon emissions and the…

5 months ago

US dollar stablecoin mercantilism is an opportunity to promote payment multilateralism and the international role of the euro

The EU and the US have taken starkly different approaches to the regulation of new monies issued using distributed ledger…

5 months ago

Too much of a good thing: The role of the global US dollar

The role of the US dollar is much in the news because confidence in it has been shaken by erratic…

5 months ago

Campaign promises as political coupons: Future benefits sway – but don’t retain – voters

Politicians often wager their campaigns on big-ticket promises. Donald Trump rode to power in 2016 vowing to build a US–Mexico…

5 months ago