The independence of fiscal councils in the EU
Institutional outcomes often hinge on legal provisions and uncodified cultural norms. This insight also applies to national independent fiscal institutions in the EU. Using a
Capital controls and firm performance: The Chilean ‘encaje’
Capital controls re-emerged as a tool for policymakers grappling with volatile capital flows after the 2008 financial crisis. This column explores the heterogeneous effects that
Banking turmoil and regulatory reform
The 2023 banking turmoil was the first major challenge faced by the Basel III framework. This column introduces the sixth report in The Future of
The EU miracle: When 75 million reached high income
In May 2004, 75 million people across ten accession countries became citizens of the EU. Between 2004 and 2019, the GDP per capita of these
ExtendMax honored as BestRegulatory Compliance Agency -GBFM Awards
ExtendMax, the leading compliance consulting service provider in Vietnam, has been honored with the title “Best Regulatory Compliance Agency” at the Global Business and Finance
Bridging the innovation gap: AI and robotics as drivers of China’s urban innovation
Most less-developed regions remain at or below the technological frontier, and investments in science and technology do not always effectively drive innovation in these areas.
Workforce ageing can harm the careers of younger workers
The workforces of most high-income countries have been ageing at a rapid pace. The standard response to this has been to extend the careers of
Large and small firms in the COVID-19 crisis and implications for competition
A major concern in the policy debate during the COVID-19 pandemic was that smaller or younger firms could bear the brunt of the decline in
Dissecting firms’ market power since EU accession: Evidence from Lithuania
Firms’ power in the product and labour markets are closely linked. Examining firm-level data from Lithuania between 2004 and 2018, this column finds that firms
Consumer risk-taking and stock market investment: Insights using the CES’s consumer finance module
Investing in the stock market can be very beneficial for households’ long-term financial wellbeing and retirement planning. This column uses ECB survey data to show,
