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Banking Featured Finance

Insufficient supervisory board competence as a risk factor for banks

The Credit Suisse crisis illustrates how poor governance can lead a large bank into a crisis despite compliance with capital requirements. Recent research on supervisory board competence in banks has provided interesting new insights. This column updates an index of supervisory board competence for a sample of German banks and compares their performance in 2023 […]

Healthcare Covid-19 Featured

How public policies can curb pandemics: It’s important to take the age composition into account

In the ongoing debate on pandemic management, the role of age composition in shaping optimal policies has received little attention. This column develops an economic framework that specifically addresses the heterogeneity in age responses to pandemic risks, encompassing both individual voluntary behavioural changes and policy interventions, to show that targeted interventions based on demographic and […]

Economy Business Featured

Rebalancing the scales: The need for tariffs on Russian grain

Farmers in Europe have recently protested against increased grain exports from Ukraine. This column shows how Russian grain is more of a threat to EU farmers than grain from Ukraine. Between January 2023 to March 2024, Russia exported more grain than any EU country or Ukraine, and European countries imported a substantial share of their […]

Business Featured Finance

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 simple, home-made index of independence, this column highlights an interesting trade-off: countries characterised by a higher quality of governance and general trust are less inclined to codify the operations of […]

Economy Business Featured

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 capital controls have on firms, focusing particularly on capital intensity and export status during the Chilean ‘encaje’, which was implemented between 1991 and 1998 to restrict capital outflows from the […]

Press Release

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 Magazine Awards 2024. This is another international recognition of ExtendMax’s continuous efforts to enhance service quality and customer experience on a global scale. The Global Business and Finance Magazine Awards […]

Technology Economy Featured

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. This column shows how artificial intelligence and robotics present a potential solution to the innovation gap problem for cities in China. Investment in AI and the density of industrial robots […]