The US–Iran relationship appears to be at its lowest point in decades. Following the intense strikes launched on 28 February 2026, the assassination of Supreme
Macroprudential capital buffers are designed to make banking systems safer. This column shows that, at the bank–firm level, they do. But multinational firms respond: when
Governments around the world have tightened restrictions on trade and investment based on economic-security justifications. The COVID-19 pandemic and rising geopolitical tensions, such as those
In recent years, several high-profile episodes have renewed concerns about central bank independence in practice, as governments exert pressure on central banks, shaping leadership transitions
Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows. The catalytic multiplier is a central
When geopolitical crises strike, oil prices often surge, with consequences that extend far beyond energy markets. This column shows that oil price shocks associated with
A common feature of flash crash episodes in financial markets is that liquidity vanishes precisely when it is most needed. This column argues that this
It is often claimed that executives reap rewards from favourable market tailwinds they did nothing to create. This column uses two decades of Danish data