Charges are far easier to assess than skin in the game
Fraud concerns prompt UK banks to let consumers set personalised limits
The loan-backed securities will be pegged to a new interest rate benchmark from 2022
Even after their role in the global financial crisis, globalised, minimally regulated financial markets are still regarded as inevitable and, on balance, good for us. Maurice Obstfeld of Berkeley tells Tim Phillips about the short but action-packed history of financial globalisation and asks whether we should be rethinking this aspect of capitalism too.
Read more about the research presented and download the free discussion paper:
Obstfeld, M. 2021. 'The Global Capital Market Reconsidered'. CEPR
The development of the Swiss highway network from 1960 to 2010 influenced the residential and job compositions of municipalities. The advent of an entrance/exit ramp within 10 km of a municipality caused a long-term 24% increase in the share of top-income taxpayers. The welfare gains of residents of connected municipalities relative to residents in non-connected municipalities range from only 2% for the low-income group to 12% for the top-income group. Highways also contributed to job and residential urban sprawl.
During the COVID-19 pandemic many countries experienced difficulty obtaining the semiconductors that are vital for smartphones, computers, cars, artificial intelligence, cybersecurity, and many other applications. This column looks at how Asia gained comparative advantage in this sector and identifies lessons for countries seeking to promote domestic semiconductor manufacturing.
In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.
Lawyers help strike a balance between overregulation and protection for consumers
Other retirement vehicles including Canada’s CDPQ have also bought in to the digital asset space
About 10,000 unionized employees walked out, as worker activism rises during nationwide labor shortages.