EU-wide investment conditional on adherence to fiscal-structural plans
Age Bakker and Roel Beetsma provide concrete suggestions for the financial design and enforcement of an EU-wide investment fund
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Finance
Openness beats fragmentation
Andrew Bailey describes the benefits of openness and the risks posed by fragmentation for the world economy and financial stability
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Limiting climate change requires rechannelling of SDRs to MDBs
Dirk Schoenmaker and Rens van Tilburg argue that closing the climate investment gap can bring down the high cost of climate finance to acceptable levels
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Climate risk stress tests underestimate financial sector losses
Henk Jan Reinders, Dirk Schoenmaker and Mathijs Van Dijk review current climate risk stress test methods and identify new approaches
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Paradise lost?
Crypto has failed to deliver on its promises. Fabio Panetta argues that the public sector should establish a comprehensive regulatory framework that addresses the risks with crypto
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Why the digital euro might be dead on arrival
Cyril Monnet and Dirk Niepelt argue that in protecting the current banking model the ECB could be sacrificing the digital euro on the altar of banking as we know it
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Policymaking in an age of shifts and breaks
The world has experienced an unprecedented series of shocks. Christine Lagarde says clarity, flexibility and humility will be three key elements of robust policymaking against this backdrop
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The Listing Act: no more than a minor boost to EU equity markets
Streamlining of the company listing process is welcome, but more fundamental reform is needed to revive the EU’s flagging equity markets, Alexander Lehmann discusses
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Strengthening resilience in a changing geopolitical landscape
A series of shocks have dramatically changed the global landscape. Christine Lagarde argues that the CESEE economies have the resilience to flourish
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The contribution of capital flows to sustainable growth in emerging markets
Lesetja Kganyago argues that capital flows should be welcomed, and we should control risks and nurture institutions that can deliver productive investment choices
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