US tariffs may deepen integration, elsewhere
While recent analysis has focused on direct impacts of US tariffs and potential retaliation, major US trading partners have intensified trade negotiations with each other,
FDI and growth in the age of global value chains
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial markets to absorb spillovers. This
Beyond tariffs: A better approach to green industrial policy
Governments impose tariffs to protect domestic clean-energy industries and accelerate decarbonisation, but tariffs can increase the costs of deploying clean technologies. This column analyses the
An analysis of the EU telecom sector’s ability to remunerate its cost of capital
The EU’s digital economy relies on investments by the telecoms industry to keep the bloc at the forefront of digital innovation and connectivity. However, the
The US dollar: Not a traditional safe haven
Safe-haven currencies are generally understood to appreciate when risk sentiment deteriorates, providing investors with insurance. This column demonstrates that the US dollar differs from that
Better regulation in the European Union needs a fresh start
A solid EU better regulation framework is undermined by gaps in coverage and quality, making consistent application and stronger oversight essential. Despite having developed a
The limited effects of regulating greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation
Disclosure-based regulation is often seen as a low-cost way to address greenwashing. This column uses European mutual fund data to assess the impact of the
How the tariff war shock affected the ‘safe asset’ privilege of US Treasuries
US Treasury securities serve as the global safe asset due to their extreme safety and liquidity. However, the tariff shock in April 2025 led to
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
Building bank resilience by Additional Tier 1 debt reform
EU bank regulation under Basel III ensures bank solidity but often creates barriers to EU financial integration. Additional Tier 1 contingent convertible debt is designed
