privatisation - Global Business and Finance Magazine

Transmission of liquidity shocks through non-bank financial intermediaries: Evidence from the International Banking Research Network

GLOBAL BUSINESS AND FINANCE MAGAZINE
August 5, 2025
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The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector and the roles these intermediaries play in liquidity shock transmission. The growth of the non-bank financial intermediation sector can be attributed to technological changes, demographic shifts, and tighter regulation of […]

Regulation and growth: Lessons from nearly 50 years of product market reforms

GLOBAL BUSINESS AND FINANCE MAGAZINE
July 6, 2025
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Product market regulation reforms directly affect firm entry, innovation and reallocation, and thus productivity and economic growth. This column leverages the 2025 update of the OECD Energy, Transport and Communications Regulation indicator to show that anticompetitive regulations in upstream sectors curb long-run economic performance in downstream sectors. Across the OECD, deregulation in network industries between […]

Industrial policy lessons from East Germany’s privatisation

GLOBAL BUSINESS AND FINANCE MAGAZINE
June 5, 2025
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There has been renewed interest in industrial policy as a tool to reshape the structure of economic activity, but little evidence exists on the successful design and implementation of these policies. This column examines the transformation of East Germany’s state-controlled economy after the collapse of socialism and draws valuable lessons from the experience for contemporary […]