Financial crisis

Banking turbulence is not a reason to pause monetary tightening

Despite calls for interest rate hikes to be paused, both the ECB and Federal raised rates- which was the right decision.

The European Central Bank’s latest move tells a clear story

The European Central Bank is right not to over-react to recent banking problems.

The Silicon Valley Bank collapse: Prudential regulation lessons for Europe and the world

In the EU, there is no bank like SVB and supervision appears better than in the US, but the resolution framework remains incomplete.

Fully reimbursing SVB depositors may prove to be a bad move (via CNN)

Reimbursing all SVB and Signature Bank depositors — even if their deposits are worth millions of dollars will have long-term impacts.

Economy: Inflation peaking, recession looming?

In 2023 we might see positive economic surprises in Europe: better-than-expected growth and lower-than-expected inflation.

Conditionality in the global financial architecture

The importance of being fiscally earnest

As interest rates increase over the course of the next few months, there are bound to be asset-price corrections & rethinking of investment decisions.

Learning from the European Central Bank's policy mistakes

While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.

Book notes: Monetary policy in times of crisis

Review of 'Monetary policy in times of crisis: a tale of two decades of the European Central Bank' published in the Central Banking.

COVID-19 financial aid and productivity: has support been well spent?

In the EU, this support has prevented the emergence of unemployment and has kept average employment high.

Corporate insolvencies during COVID-19: keeping calm before the storm

Measures in major economies have protected companies from COVID-19 related insolvency, but have also protected weak firms. Nevertheless, support shoul

Covid-19 and emerging economies: What to expect in the short- and medium-term

Disease, like poverty, does not stay at home

To fight the Covid-19 pandemic, best practice responses in Africa need to be implemented around international collaboration. These include the need to