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Weathering the storm: The role of adaptation in mitigating the economic impact of floods

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 5, 2025
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Floods are the costliest type of natural disaster in Europe, but little is known about whether adaptation investments such as flood defences can shield the economy. This column studies how floods affect output and prices at the sectoral level in England and the effect of adaptation investments. Floods affect sectors differently, acting as both supply […]

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Who supplies and demands safe assets – and why it matters

GLOBAL BUSINESS AND FINANCE MAGAZINE
April 21, 2025
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21 Apr 2025 Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across advanced economies since the 1980s. It shows that foreign demand for these assets has steadily increased, with the financial sector playing a key role in meeting it. However, because financial institutions often […]