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
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
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 –
Taiwan foreign minister to visit Texas to boost trade ties
Taiwan’s foreign minister will visit the U.S. state of Texas to speak at a forum on artificial intelligence (AI) and promote business and trade ties,
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
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
Resolving non-performing loans and zombie firms: A path to sustainable growth in Greece
During the Greek debt crisis, zombie firms and non-performing business loans peaked at 20% and 50%, respectively. This column examines the negative effects of ‘zombie’
