How large current account imbalances unwind: Evidence from historical adjustment episodes
Global imbalances are back in the policy debate. This column examines 70 current account adjustment episodes across 51 economies from 1980 to 2024 to discover
Is Europe ready for a major banking crisis?
Europe’s banks have long been slow to integrate across borders, but this is changing fast. ‘Pan-European banks’, with activities spanning several EU countries, are emerging
