
Why oil import restrictions hurt Russia more than the price cap
Sanctions in response to the invasion of Ukraine led to a substantial decline in Russia’s crude oil revenues in

Sanctions in response to the invasion of Ukraine led to a substantial decline in Russia’s crude oil revenues in

Biodiversity losses pose risks not only to environmental health but also to global financial stability. This column examines the

The US dollar is the dominant vehicle currency for global goods trade, but there is less evidence for trade

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

Sanctions in response to the invasion of Ukraine led to a substantial decline in Russia’s crude oil revenues in

Biodiversity losses pose risks not only to environmental health but also to global financial stability. This column examines the

The US dollar is the dominant vehicle currency for global goods trade, but there is less evidence for trade

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




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