SVB and Credit Suisse have exposed regulation failures. Jon Danielsson and Charles Goodhart argue the best way forward would be to focus on shock absorption and moral hazard, not the current approach of buffers and risk measurements
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Aymo Brunetti argues that big banks must become globally resolvable, or significantly ‘smaller’
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Barry Eichengreen argues that reports of the US dollar’s demise as the dominant global currency have been greatly exaggerated
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Abebe Aemro Selassie discusses the impact of COVID-19 on African countries, the financing challenge, implications for long-term investment, and how it can best be navigated
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Many jurisdictions now require companies to demonstrate ‘climate alignment’. Alexander Lehmann says investors need tools to evaluate whether transition plans are credible
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Degrowth isn’t the same as a recession – it’s an alternative to growing the economy forever. Katharina Richter discusses the benefits
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Flavia Micilotta examines the factors involved in project finance, and the growing influence of sustainability
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Jon Cunliffe looks at four areas where the tokenisation of money is now being explored, examining the BoE’s work to ensure these new forms of money are robust and uniform
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Cryptoassets and markets are a relatively recent innovation in finance. Claudia Buch says there is a need to monitor and take preventive action against risks in these markets
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Berg et al argue that it would be welfare-enhancing if policy changes were to follow a predictable longer-term path, and suggest a role for financial regulation in the transition
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