There has been a growing trend towards more disclosure by central banks on the currency denomination of their foreign exchange reserves. Read HERE
To reduce the effectiveness of sanctions on Russia, the Kremlin is known to have compensated targeted sanctioned firms through various channels. Read HERE “The political warrior mowing down the Russian trade” 1791
A European debt agency, replacing ECB monetary financing with pan-European debt, could play a fundamental stabilising role, especially on medium-to-long-term expectations. Read Here
Many regions in Europe are stuck in a development trap, finding it hard to regain past dynamism and hopes of greater prosperity. Read here
Attempts to phase out coal have faltered amid fears that the transition to renewable energy would be too costly. By comparing the present value of avoided emissions with the present costs of replacing coal with […]
Between 1985 and 2018, the global average statutory corporate tax rate fell by more than half. This column uses new macroeconomic data to argue that profit shifting is a key driver of this decline. Close […]
Since Emmanuel Macron’s election as French president in May 2017, hope has lingered that a mythical friendship between France and Germany will help complete the gaps in the euro area architecture. As this column discusses, […]
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