Fiscal rules compliance and sovereign borrowing costs: Some evidence from the euro area
Governments with well-designed fiscal rules generally enjoy lower yields but less is known about whether investors price compliance with these rules. Using a panel of
Swedish household debt is not too high: Look at solvency and liquidity, not debt to income
The Swedish authorities and international organisations often claim that household debt poses a threat to financial and macroeconomic stability, with reference to a high debt-to-income
Conditional budgeting: Striking a balance in EU economic governance
In July, the European Commission fired the starting gun on the negotiations of the next Multiannual Financial Framework – the EU’s budget. Against a tough
Gold smashes $4,000 milestone for first time in record run
Gold up 53% so far this year. Gold extended its historic rally to break above $4,000 an ounce for the first time on Wednesday, as
25% inflation, 50 years on
UK CPI inflation in 1975 reached 25%, a period now known as the ‘Great Inflation’. This column uses a range of empirical and narrative evidence
Dubai’s VFS Global seeks $2bln in term loans to refinance debt
The facility will consist of USD and euro loans. VFS Global, the Zurich and Dubai headquartered provider of outsourced visa and consular services, is looking
GCC bank debt issuances top $60bln in 2025, to remain strong in 2026: Fitch
GCC lenders account for 30% of USD issuances by EM banks this year. Debt issuances by banks in the Gulf Cooperation Council (GCC) are set
US budget deficit forecast $1trln higher over next decade, watchdog says
The Committee for a Responsible Federal Budget’s latest forecasts show a cumulative deficit of $22.7trln from fiscal 2026 to 2035. U.S. federal budget deficits will
Navigating debt and trade: Data show persistent debt challenges for developing countries amid uncertain trade prospects
Low- and middle- income countries (LMICs) have rebounded strongly since the COVID-19 pandemic. Gross national income (GNI) among these countries was resilient in 2023, at
Investment funds and euro disaster risk
Investment funds are important players in global financial markets. This column examines their behaviour and interaction with other investors during stress periods on European sovereign
