Why some digital payment systems replace cash and others don’t
Digital payment systems promise to extend financial services to people underserved by banks, and overcoming barriers to the adoption of such systems is thus central
How to secure the benefits of an EU-wide incorporation regime
An EU Inc. plan for a common company regime should become more targeted and be underpinned by better system infrastructure. On 18 March, the European
Oil shocks, remittances, and growth: the data behind South Asia’s energy vulnerability
Consider a family whose income has suddenly fallen short of covering basic needs. Fuel costs have risen, reducing what the household budget can afford, and
The devil is in the tail: How firms’ beliefs about rare macroeconomic disasters shape investment
Little is known about how firms think about rare macroeconomic disasters and how these beliefs shape their decisions. This column uses survey evidence from a
How UK firms are responding to the war in Iran: Early evidence from the Decision Maker Panel
The conflict in the Middle East has pushed energy prices sharply higher, but the implications for UK inflation will depend on the scale and duration
Reforming European defence procurement to boost military innovation and startups
European defence procurement practices must evolve to embrace innovative startups and small firms, in order to meet modern battlefield needs. The war in Ukraine has demonstrated how
Six ways to make tourism projects work for people, places, and prosperity
Tourism generates 10 percent of global GDP and supports 1 in 10 jobs worldwide. Because of this, it’s a key sector of interest for the
Productivity, firm size, and why distortions hurt developing economies
In many developing countries, productive firms remain too small, while less productive firms are too large. Such misallocation contributes to losses in aggregate productivity. This
The market value of non-degree credentials: New evidence from 37 million US workers
Non-degree credentials are rapidly multiplying as alternatives to traditional higher education, but in a largely unregulated market. This column draws on nearly 40 million US
Global M&A deals hit $4.8bn on strong tech and AI deals
Technology M&A, powered by AI-related deals, was in the vanguard of the year’s surge in merger activity. A potent rebound in global M&A is on
