Nathan Foley-Fisher and Jeongmin (Mina) LeeDuring the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. We show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. They rebalanced their portfolios mechanically in response to equity market losses, selling bond funds and purchasing equity funds.
Bikash Poudel, Sarah Carey, Robert Flynn, Chakrapani Narayan, Richard Payne, Eshwar Satrasala, Seaira Spooney, and James LovejoyThe capability to make offline digital payments is emerging as a vital component of the broader payments ecosystem, especially in scenarios in which internet connectivity is unavailable such as during a crisis or natural disaster. Offline digital payment services offer a secure and reliable alternative to cash. Even so, there are a limited number of viable offline payment protocols in production today.
You cannot keep tightening the screws on the institutions that finance the real economy
All festive products are getting more expensive. d3sign/GettyImagesThe holiday season sparks a significant increase in consumer spending. This year, Black Friday alone saw consumers shell out a record US$11.8 billion.
More than 20% of Americans will be diagnosed with mental illness in their lifetimes. They will, that is, experience conditions that influence the way they think, feel and act – and that may initially seem incompatible with the demands of work.
Our new research suggests that what people living with chronic mental illnesses need most to succeed at work is for their managers to be flexible and trust them.
Across the world, governments are tightening controls on speech, expanding surveillance and rolling back rights once thought to be secure.
Sunil Prajapati/ShutterstockWhen Donald Trump stood on the White House lawn in April 2025 holding a large, laminated poster announcing the first round of trade tariffs to be imposed on different countries, the Trade Policy Uncertainty Index shot through the roof.
If you don’t at first succeed, try and try and try and try and try and try and try and try and try and try again
Household disposable income increased by a solid 8.1 percent year-on-year (YoY) in Q2 this year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Greece’s seasonally adjusted (SA) Wages Index grew by 7.4 percent year-on-year (YoY) in Q3, from 9.3 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
