The role of non-bank financial intermediaries (NBFIs) in the financial system has increased markedly over recent decades. Research has highlighted…
Pension fund investors have been typically viewed as some of the most dependable investors in global bond markets. Their long-term…
Foreign investors’ growing holdings of dollar-denominated bonds have created a large demand to hedge dollar risk. Using outstanding FX forward…
The Turkish central bank cut interest rates over 2021-2023, on the politically driven view that higher rates cause inflation. This…
Predictions about the workplace impact of artificial intelligence often begin with what the technology can do captured by occupations’ exposure…
Firms in low- and middle-income countries persistently pay more to borrow than firms in high-income economies. Drawing on a new…
For its entire 15-year life as a regional bank until its collapse in 2023, Silicon Valley Bank held the same…
Data show that trade sanctions reduce commerce between the countries imposing them and their targets. But this bilateral success can…
Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed to generic competition. This column…
Governments around the world are increasingly mandating the digitalisation of business records, yet little is known about the effects of…