Profit shifting by multinational enterprises increases after-tax earnings but can expose firms to regulatory and reputational risks. This column uses data on variations in profit
The EU is determined to clamp down on organised crime’s infiltration of legitimate businesses and banking. This column shows that dismantling Mafia connections leads to
In the grand sweep of history over the last millennium, political divergence between Europe and contemporaneous world civilisations preceded economic divergence. This column describes how
The newly imposed US trade tariffs on European products are causing European consumers to think twice what’s in their shopping cart. The changes in their
Europe has recently pivoted to regulatory simplification with the aim to boost competitiveness. This column argues that in banking the debate needs to go beyond
Although the source and duration of the destruction differ, wars and natural disasters disrupt economies in similar ways. This column examines the effects of natural
Central bankers increase interest rates to discourage investment and consumption and hence lower inflation. This view, embedded in standard macroeconomic models and policymaking, assumes that
The US dollar is by far the most important currency for handling international trade payments (Boz et al. 2020). Could the Chinese renminbi eventually become
Interlocking directorates (IDs hereafter) arise when two or more corporate boards have one or more members in common. The presence of directors on the boards