Stablecoins and the exorbitant privilege of money creation
Payment stablecoins are set to become an important financial instrument. Their impact on the financial system will depend on whether the issuers can purchase assets
The US dollar: Not a traditional safe haven
Safe-haven currencies are generally understood to appreciate when risk sentiment deteriorates, providing investors with insurance. This column demonstrates that the US dollar differs from that
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
India, UAE sign $3bln LNG deal, agree to boost trade and defence ties at leaders’ meeting
ADNOC Gas signs 10-year LNG deal with India’s HPCL. India signed a $3 billion deal on Monday to buy liquefied natural gas from the United
Electoral systems and immigration policies
Immigration has become one of the most salient issues in political debate. This column uses evidence from Italian municipal elections to highlight the role of
Stocks bide time before jobs report, tariff ruling
Brent futures rose 0.8% to $62.49 per barrel, while U.S. West Texas Intermediate (WTI) crude advanced 0.8% to $58.25. Asian stocks drifted lower and the
Beyond just IT: cybersecurity as a foundation for economic growth
A cyberattack against Morocco’s National Social Security Fund, which resulted in the leakage of the personal and financial details of nearly two million people; a cyber heist of US$ 1.5 billion in Ethereum, from the
Bank of Israel cuts interest rates by 25 basis points
The central bank’s benchmark rate was reduced to 4.00% from 4.25%. The Bank of Israel unexpectedly cut its short-term interest rate by 25 basis points
European stocks rise, dollar steadies as markets look past Venezuela turmoil
Euro zone government bond yields dropped after the data, with the benchmark ten-year German yield at 2.8561%. Stock markets continued to rally in early European
India forecasts 2025/26 economic growth at 7.4%
The Indian economy grew 6.5% in 2024/25 and 8.2% in 2023/24. India’s economy is expected to grow 7.4% in the fiscal year ending in March,
