• Loading stock data...
Covid-19 Featured Lifestyle

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 were. This column uses firm-level data from Spain and Italy – two of the countries worst affected by the pandemic – to evaluate the economic impact of aid. Targeted support […]

Finance Development Economy Featured World

Three barriers to municipal finance—and how to overcome them to create jobs and growth

Cities in low- and middle-income countries are growing fast—but their ability to finance the infrastructure and services needed to support people and jobs is lagging behind. The consequences are real: without better roads, transit, water, energy, and housing, cities struggle to deliver basic services or attract investment, limiting job creation and economic opportunity. That’s because urban infrastructure […]

Energy Climate Environment Featured Technology

Transatlantic clean investment monitor 4: electric vehicles

Electric vehicles (EVs) have grown from a niche technology to a mainstream industry in the space of a little over a decade. EV deployment is crucial to meet climate targets and is transforming the automotive industry – a cornerstone of manufacturing in both the United States and Europe. Unlike China, the EU and US are […]

World Business Featured Finance

Japan to raise foreign direct investment target to $1trln by mid-2030s, sources say

The new targets, to be formally included in the government’s upcoming fiscal and economic policy guidelines in June, represent a sharp escalation from the previous goal of 100 trillion yen by 2030 Japan is set to raise its 2030 foreign direct investment target by 20% and push the figure as high as 150 trillion yen […]

trade Featured Finance News World

The trade imbalance network and currency fluctuations

In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure in a multi-country model with imperfect financial markets to study how currency risk premia are connected to financiers’ risk bearing capacity. Guided by the theory, it constructs a centrality-based characteristic that gives a direct role […]

World Featured Finance News

Chinese banks and their EMDE borrowers

Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed since the pandemic. This column shows that while cross-border lending by Chinese banks to their EMDE borrowers was highly correlated with bilateral trade flows between both countries prior to the […]

Economy Featured News World

Agreed and disagreed uncertainty: Rethinking the macroeconomic impact of uncertainty

The conventional wisdom is that uncertainty leads to economic contractions, but recent evidence challenges this assumption. This column introduces two novel concepts of uncertainty – agreed and disagreed uncertainty. It shows that when uncertainty is accompanied by widespread consumer disagreement about economic conditions (disagreed uncertainty), the economy remains stable despite the elevated uncertainty. In contrast, […]

Lifestyle Featured News World

Stock market uncertainty makes many Americans wary of spending on travel

Kimberly Hilliard, co-founder of a five-year-old travel agency in Maryland, says at this time of year she usually fields up to 10 inquiries a week from clients eager to book vacations, but for much of the past month her phones have gone quiet. The unusual lull in Hilliard’s business followed a plunge in U.S. share […]

Finance Banking Economy Featured

Non-bank financial institutions’ reliance on banks for contingent credit under stress and its consequences

In recent years, banks’ credit line exposure to non-bank financial institutions has grown significantly. This column analyses the implications by focusing on a specific type of such institutions – real estate investment trusts. These trusts are significant investors in commercial real estate and therefore exposed to rising interest rates and economic slowdowns. They have higher […]