Why so many crises happen when we know why they happen and how to prevent them
Financial crises are not complicated, and many claim to know why they happen and how to prevent them. Why then do they happen with such alarming...
Financial crises are not complicated, and many claim to know why they happen and how to prevent them. Why then do they happen with such alarming...
A reform removing the need for businesses to use a company seal when dealing with government agencies means ‘signed, sealed and delivered’ has become...
Banks remain fragile, which could be reduced if they held more equity and less debt. Bankers, however, fear this could affect their compensation...
Safety and stability are essential for public utilities. But they face pressure to innovate to keep up with technological innovation, environmental...
Artificial intelligence will both be of considerable help to the financial authorities and bring new challenges. This column argues the authorities...
Risk model hallucination happens when models are forced to forecast the likelihood of extreme events in cases where they have not been trained with...
As artificial intelligence makes inroads into the financial system, it exacerbates existing channels of instability and creates new ones. This column...
Informality prevails in Africa, especially among women. Eighty-eight per cent of working African women were employed in the informal economy in 2022...
Despite some advances in women’s rights in Pakistan, economic and political unrest has increased gender-based violence in the country. A system of...
In January 2020, the Greek government appointed a Commission to propose a growth plan for the Greek economy. The Pissarides Commission produced a...
The stakes are high for gender equality in Argentina, which has a chequered history in gender reform. Now the next president might be an extreme-right...
The use of artificial intelligence in the private sector is accelerating, and the financial authorities have no choice but to follow if they are to...
The United Arab Emirates have taken steps to alleviate gender inequalities in its legal system, amending their labour, personal status and criminal...
Pedro Duarte Neves says stress tests must evolve to capture systemic, liquidity and cyber risks.
This policy note summarises the main empirical findings on the effectiveness of macroprudential policy: macroprudential policy contributes to a...
Single point forecasts for growth, inflation, interest rates, and so on are easy to comprehend and to check against outcomes, and are what otherwise...