Sudden stops in the euro area
Internal balance-of-payment crises should be taken as a strong signal of weakness and a wake-up call to reform euro area structures The single currency was
Charitable giving in wartime: Evidence from Ukraine’s war fundraising
In the context of financing Ukraine’s wartime economy, Western governments have paid little attention to how Ukrainians are funding the war themselves. This column analyses
Europe must not waste its currency moment
Escalating geopolitical tensions, trade wars, and volatile policy shifts are reshaping the rules of global commerce and finance and bringing the dominance of the US
Building coalitions for climate transition and nature restoration
Global climate and biodiversity outcomes will largely be determined in emerging and developing economies (EMDEs). We propose a four-pillar strategy to support climate and nature
Rethinking social protection sustainability: What people want (and don’t want)
Population ageing makes it harder for governments to finance programmes like public pensions and long-term care. But policy responses, such as tightening programme eligibility and
Too much of a good thing: The role of the global US dollar
A confluence of negative forces – some the result of self-inflicted wounds and rising uncertainty about US policies and others relating to global developments and
Customized strategies key to setting up MSMEs, start-ups for success
Developing countries invest about $1 billion annually to train millions of aspiring and existing entrepreneurs. While significant, this investment doesn’t fully address the shortage of
Overcoming constraints: How banks helped US firms reroute their supply chains
Rising trade tensions and the pandemic have forced importers to reconfigure their supply chains – a complex and costly process. This column highlights the underappreciated
Global debt hits record of over $324trln, says IIF
The Institute of International Finance (IIF) said China, France, and Germany were the largest contributors to the global debt increase, while debt levels declined in
Before banks: Historical lessons for rethinking credit
The global financial crisis of 2008 has led economists, historians, and policymakers alike to re-examine the foundations of our financial infrastructure. This column revisits the
