Carney and Trump: A Collision Avoided, Save for a Nasty Comment or Two
The Canadian prime minister came to Washington determined to take the heat out of the relationship. He mostly succeeded, at least for now.
Global Trade Growth to Slow Sharply Next Year, W.T.O. Says
The World Trade Organization said trade growth had proved more resilient in 2025 than expected, but would slow next year as result of President Trump’s tariffs.
Can Labour’s plan to fund deprived communities see off Reform? What the evidence shows
Sonicpuss/ShutterstockMore than a year after the UK government abandoned the phrase “levelling up”, it has now launched a fresh strategy to distribute funding to disadvantaged communities. The promise to these deprived areas is three-pronged: investment in community facilities, enhancing public spaces like parks, and revitalising town centres and high streets.
As long as the cybercriminals’ business model works, companies are vulnerable to attack
Tero Vesalainen/ShutterstockWhen cybercriminals targeted the UK nursery chain Kido, it represented a disturbing new low for the hackers. They allegedly threatened to expose personal data about young children and their families, shocking parents and cybersecurity experts alike.
Foreign Currency Reserves 2025 – Market Notice 7 October 2025
Not for distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan or any other jurisdiction where it is unlawful to distribute this announcement.
Minutes: CBDC Academic Advisory Group - June 2025
Meeting of the CBDC Academic Advisory Group
More young adults are living with their parents than previous generations did
Welcome back: The number of young adults living with their parents has risen by 1.5 million over the past decade. Maskot/DigitalVision via GettyImagesA potentially worrisome trend is emerging among young adults. Instead of landing a job and moving to the big city after graduation, many are moving back into their childhood homes instead.
A study on the interaction of capital, liquidity and bank stability
The purpose of this paper is to empirically examine the effects of capital and liquidity on bank stability as well as the existence of a potential complementary or substitute relationship between both dimensions to explain bank stability. We use a sample of 16,061 banks from 27 countries during the period 2013-2023. Our results show that both capital and liquidity increase bank stability. However, the joint interactive effect presents a negative coefficient indicating the existence of a potential substitution effect between both variables.
A study on the interaction of capital, liquidity and bank stability
The purpose of this paper is to empirically examine the effects of capital and liquidity on bank stability as well as the existence of a potential complementary or substitute relationship between both dimensions to explain bank stability. We use a sample of 16,061 banks from 27 countries during the period 2013-2023. Our results show that both capital and liquidity increase bank stability. However, the joint interactive effect presents a negative coefficient indicating the existence of a potential substitution effect between both variables.
The slope of the euro area price Phillips curve: evidence from regional data
This paper contributes to the literature on the price Phillips curve by exploiting subnational regional data from 11 euro area countries. Beyond controlling for aggregate fluctuations common across euro area regions, our approach accounts for country-specific dynamics, including national inflation expectations, thereby addressing key limitations in previous studies. Our results suggest that the Phillips curve in the euro area is relatively flat, but statistically significant.
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