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Climate Energy Environment Featured World

China can decarbonise the world – but even that won’t fix its overcapacity problem

China is on track to meet global green-tech demand but needs to pivot from manufacturing to infrastructure. China is crucial role to the world’s green transition for two contrasting reasons: it is the world’s largest greenhouse gas emitter – over 30 percent of the global total – and it is the world’s largest producer of […]

Economy Banking Featured News World

Macroprudential policy for banks: Build the countercyclical capital buffer when there is headroom for doing so

Numerous central banks started to build the countercyclical capital buffer as bank profitability began to soar during the recent tightening cycle. Recent evidence suggests that building the buffer when there is headroom for doing so does not harm lending in the short-term and tends to increase it at longer horizons. This column proposes a quantitative […]