Financial crises are not complicated, and many claim to know why they happen and how to prevent them. Why then do they happen with such alarming frequency? This column argues that a key reason is failures in regulation, and proposes that the financial authorities instead adopt a fundamental concept from finance – diversification. By doing […]
Regulation, Crypto, Web 3.0, Forex, Payments Will Be in Focus. Taking place on Sept. 7th, 2024, Wiki Finance Expo Bangkok 2024 is the largest and most influential Fintech and Web3.0 event in Asia in 2024. Wiki Finance Expo Bangkok 2024 has promised to bring a wonderful and rewarding summit for the industry. Register to get […]
Economic downturns can have lasting and ‘scarring’ effects on career trajectories. Using data from India, this column finds only a marginal difference in the likelihood of finding employment between those entering the labour market during the Covid-19 pandemic and pre-pandemic entrants, but significant differences in both the types of jobs they were able to get […]
Following a period of broad stagnation, the EU economy staged a comeback in the first quarter of 2024. This column argues that despite a challenging external environment, strong domestic fundamentals set the stage for gradual acceleration of economic activity. However, member states’ budgetary positions remain burdened by the legacy of the pandemic and the energy […]
Changes in US monetary policy can have significant effects on global markets, including commodity markets. This column analyses the commodity channel of monetary transmission in detail. It finds commodity prices react within days to US monetary policy shocks, particularly for storable commodities. Consequently, the effects of monetary policy through commodity prices create spillover effects on […]
Greening the economy will entail the contraction of high-polluting jobs. This column presents new OECD research using labour force data from a large sample of European countries that suggests green and high-polluting jobs are unequally distributed across socioeconomic groups. Green jobs are associated with higher educational attainment, high-polluting jobs with lower educational attainment, and women […]
The racial wealth gap in the US has widened since 1980, in part because white Americans invest a larger share of their wealth in the stock market compared to Black Americans. This column explores how differences in unemployment risk impact the investment choices of white versus Black Americans. Black Americans face significantly higher cyclical unemployment […]
As the planet warms, the escalation in both frequency and severity of natural disasters be-comes a pressing concern. This column uncovers significant, sustained adverse effects of natural disasters on the US economy and financial markets. Disasters disrupt economic ac-tivity across labour, production, consumption, investment, and housing sectors. These dis-ruptions stem from increased financial risk and […]
Nationalist movements are experiencing a global revival, attracting new followers and unsettling policy agendas around the world. This column examines the emergence of a German national identity in the early 19th century, when many of the modern tools for state propaganda were still in their infancy. From 1813 onwards, the king of Prussia appealed to […]
In the aftermath of the depreciation that followed the Brexit referendum in 2016, UK exporters progressively shifted to invoicing most of their exports in dollars, rather than in pounds. This column shows that this dramatic transition to dollar pricing had meaningful macroeconomic consequences, with important implications for the way international spillovers are absorbed by the […]
