IFDP Paper: Breaking Up: Fragmentation in Foreign Direct Investment
Cody KallenRising geopolitical tensions and supply chain vulnerabilities have driven recent fragmentation of foreign direct investment (FDI).
Cody KallenRising geopolitical tensions and supply chain vulnerabilities have driven recent fragmentation of foreign direct investment (FDI).
How do we prepare for a world of constant shocks—climate disasters, financial crises, pandemics, conflict, and inequality?
MonthiraYodtiwong/Getty ImagesChanges to KiwiSaver, global economic uncertainty and predictions house prices could drop by as much as 20% by 2030 all mean retirement is looking very different to how it once did.
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Fred Ledley's INET-funded research, which was published as an INET working paper, documents that the US Government is the first investor in practically all crucial biopharmaceutical innovation.
Exchange of letters between the Governor and the Deputy Governor for Financial Stability to the Chancellor
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC), which is a forum for discussion of the wholesale foreign exchange market. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
In the first phase of reforms to the SM&CR, the FCA and PRA are proposing to streamline the regime to make it more effective and efficient and to drive growth in financial services.
Shocks to a bank’s ability to raise liquidity at short notice can trigger depositor panics. Why don’t banks take a more active role in managing these risks? We study contingent risk management (hedging) in a standard global-games model of a bank run. Banks fail to hedge precisely when the exposure to a shock is most severe, just when risk management would have the biggest impact. Higher bank capital and broader deposit-insurance coverage crowd out hedging by banks that already manage risk, yet encourage more banks to establish risk management desks in the first place.