Tax policy is a popular tool for governments around the world seeking to influence behavior, including for encouraging environmentally sustainable investment. But is it really
The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and
Rewind the clock to early January 2024, and the asset-management industry was anxiously watching to see if the much-anticipated debut of U.S. spot bitcoin exchange-traded
Financial institutions are rapidly embracing AI – but at what cost to financial stability? This column argues that AI introduces novel stability risks that the
Climate policies could affect financial stability if they lead to large changes in asset returns. This column studies the financial stability and welfare effects of
Europe faces a large climate investment gap. This column proposes filling this gap through the joint issuance of European climate bonds. These bonds would be
While road fatalities in Asia and the Pacific have fallen 11% since 2010, progress remains uneven, with low- and middle-income countries lagging behind. Strengthening infrastructure,