Liquidity crisis support made in Switzerland and the too-big-to-fail subsidy
Banking crises have repeatedly inflicted serious damage on the real economy. This column discusses a new proposal for a public liquidity backstop in Switzerland to
Geopolitical risk in the euro area
Geopolitical risk is a key concern for the euro area, yet most available measures reflect a US perspective. This column introduces a new indicator of
Ten challenges facing China’s economy
Depending on how it is measured, China’s economy is now the world’s largest or second largest. It is also the world’s second-most intertwined in terms
From banks to nonbanks: Macroprudential and monetary policy effects on corporate lending
The growing footprint of nonbank financial institutions in corporate credit markets raises important – but often overlooked – questions about how monetary and macroprudential policies
One language, one nation: Language policy and economic integration
Language policy is not merely symbolic – it shapes the direction of trade, the allocation of subsidies, and a country’s internal cohesion. Using new data
State aid in times of crisis: Lessons from COVID-19 support for firms in Italy and Spain
The unprecedented wave of state aid to firms across the EU during the COVID-19 pandemic raised questions about who benefited and how effective these interventions
Sovereign bonds, convenience yields, and the resurgence of supply shocks
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows
Why going “all in” on active mobility is a sure bet for sustainable development
Every year on United Nations World Bicycle Day (June 3), we celebrate the transformative benefits of the bicycle. At the World Bank Group headquarters in Washington, DC,
India’s GDP grows 7.4% in Jan-March qtr, fastest in a year
That was above the 6.7% expansion in gross domestic product forecast in a Reuters poll for the March quarter India’s economy grew 7.4% in the
Global economy’s ‘sugar rush’ defies trade drama – for now
Investment banks and institutions generally expect the United States to avoid a recession this year and the global economy to keep growing For all the
