
How zero-risk weights on sovereign debt can lead to capital misallocation
Financial institutions, especially in Europe, hold a disproportionate amount of domestic sovereign bonds on their balance sheets. This home

Financial institutions, especially in Europe, hold a disproportionate amount of domestic sovereign bonds on their balance sheets. This home

The strict measures to contain the spread of COVID-19 called for a quick governmental response. This column highlights how

Firms increasingly rely on immigrant researchers or imported R&D services for innovation. This column argues that these sources of

Since the 2008 global financial crisis, firms’ funding patterns have changed, with a shift towards more market-based finance with

The US and China’s economic rebound has fueled global growth and put upward pressure on commodity prices, while geopolitical

Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these

Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks

Economists typically rely on unemployment and inflation rates to gauge how consumers feel about the economy. This column examines

Facing pressures from population ageing, many countries are reforming their social security systems, including by increasing retirement ages. This

In the wake of the 2008 global financial crisis, many governments implemented austerity policies aimed at reducing budget deficits

Financial institutions, especially in Europe, hold a disproportionate amount of domestic sovereign bonds on their balance sheets. This home

The strict measures to contain the spread of COVID-19 called for a quick governmental response. This column highlights how

Firms increasingly rely on immigrant researchers or imported R&D services for innovation. This column argues that these sources of

Since the 2008 global financial crisis, firms’ funding patterns have changed, with a shift towards more market-based finance with

The US and China’s economic rebound has fueled global growth and put upward pressure on commodity prices, while geopolitical

Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these

Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks

Economists typically rely on unemployment and inflation rates to gauge how consumers feel about the economy. This column examines

Facing pressures from population ageing, many countries are reforming their social security systems, including by increasing retirement ages. This

In the wake of the 2008 global financial crisis, many governments implemented austerity policies aimed at reducing budget deficits




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