Emerging market resilience to risk-off shocks: Good luck, but mostly good policies
Emerging markets used to be hit hard whenever global investors turned nervous. This column analyses how emerging markets have managed output and inflation during global
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence
Dollar dominance and the Trump administration
There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in
