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Finance Featured Politics trade

The impact of international economic sanctions on informal employment

Economic sanctions have become an increasingly common instrument of foreign policy, promoted as a non-violent alternative to military intervention. However, their effects on labour markets remain underexplored. This column examines the case of Iran following the unprecedented international sanctions imposed in 2012 to investigate how sudden and extreme shocks to market access affect the allocation […]

Economy Banking Featured Finance

Dollar slips, Taiwan dollar surge draws eyes

The U.S. dollar slipped again on Monday as a meteoric surge in its Taiwanese counterpart stoked speculation some Asian countries were prepared to engineer revaluations of their currencies to win U.S. trade concessions. Asia-Pacific currencies were the major developed-market beneficiaries of the fallout from that, and the dollar was down 0.7% on the Japanese yen […]

Featured Banking Economy Finance

Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus

Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the U.S.-China trade talks this weekend. Spot gold rose 1.4% to $3,409.76 an ounce, as of 0223 GMT. U.S. gold futures firmed 0.7% to $3,416.70. “I think it’s mostly a […]

World Economy Featured News

Agrifood powers economies and jobs across Europe and Central Asia

As economies develop, it is often assumed that agriculture becomes less relevant a small slice of GDP and a shrinking share of employment. But evidence from Europe and Central Asia tells a different story. Across countries stretching from Portugal to Uzbekistan, agriculture and the broader agrifood sector remain essential pillars of economic development, employment, trade, […]

World Featured News trade

Identifying potential Chinese export redirection in 2024 US trade data

Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in 2024 will be redirected or deflected to third markets. Fearful of intensified competition from Chinese products, some business associations and officials are calling for pre-emptive measures by importing governments. This […]

World Featured News trade

Redirecting Chinese exports from the US: Evidence on trade deflection from the first US-China trade war

With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned. This column examines the factual record on the frequency of, and foreign government response to, Chinese trade deflection during the first US-China trade war. The authors find that trade deflection […]

Banking Business Economy Finance Innovation Investing Technology trade World

Video might kill the radio star: Digitalisation and the future of banking

New technologies are changing how banks produce and provide financial services. These changes have implications for traditional banks, creating novel sources of systemic risk which could in turn pose regulatory and policy challenges. This column introduces a new report by the Advisory Scientific Committee of the European Systemic Risk Board that discusses the impact that […]

Development Featured trade World

Trade policy for developing economies

Developing economies face a far more challenging international trade environment than they did at the start of the 21st century. Yet trade remains an essential component in reaching development objectives. This column offers possible policy options for developing economies to leverage untapped opportunities for cross-border cooperation and improve domestic conditions that will make trade more […]