When big sports events expand, like FIFA’s 2026 World Cup matches across North America, their climate footprint expands too
Lionel Messi celebrates with fans after Argentina won the FIFA World Cup championship in 2022 in Qatar.
Who was the first pirate?
Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.
Who was the first pirate? – Yandel R., age 11, Lakewood Ranch, Florida
When margins call: liquidity preparedness of non-bank financial institutions
We propose a novel framework to assess systemic risk stemming from the inadequate liquidity preparedness of non-bank financial institutions (NBFIs) to derivative margin calls. Unlike banks, NBFIs may struggle to source liquidity and meet margin calls during periods of significant asset price fluctuations, potentially triggering asset fire sales and amplifying market volatility. We develop a set of indicators and statistical methods to assess liquidity preparedness and examine risk transmission through common asset holdings and counterparty exposures.
From risk to buffer: calibrating the positive neutral CCyB rate in the euro area
This paper proposes a novel yet intuitive method for the calibration of the CCyB through the cycle in the euro area, including the positive neutral CCyB rate. The paper implements the Risk-to-Buffer framework by Couaillier and Scalone (2024) in both a DSGE and macro time series setting and proposes a calibration of the PN CCyB aimed to reduce the macroeconomic amplification of shocks occurring in an environment where risks are neither subdued nor elevated.
When margins call: liquidity preparedness of non-bank financial institutions
We propose a novel framework to assess systemic risk stemming from the inadequate liquidity preparedness of non-bank financial institutions (NBFIs) to derivative margin calls. Unlike banks, NBFIs may struggle to source liquidity and meet margin calls during periods of significant asset price fluctuations, potentially triggering asset fire sales and amplifying market volatility. We develop a set of indicators and statistical methods to assess liquidity preparedness and examine risk transmission through common asset holdings and counterparty exposures.
From risk to buffer: calibrating the positive neutral CCyB rate in the euro area
This paper proposes a novel yet intuitive method for the calibration of the CCyB through the cycle in the euro area, including the positive neutral CCyB rate. The paper implements the Risk-to-Buffer framework by Couaillier and Scalone (2024) in both a DSGE and macro time series setting and proposes a calibration of the PN CCyB aimed to reduce the macroeconomic amplification of shocks occurring in an environment where risks are neither subdued nor elevated.
Soaring house prices may be locking people into marriages, new research shows
GAS-photo/ShutterstockHouse prices continued to rise across Australia in June, recent data shows. Nationally, prices have risen about 38% in the past five years.
Inequality has risen from 1970 to Trump − that has 3 hidden costs that undermine democracy
Demonstrators march outside the U.S. Capitol during the Poor People's Campaign rally at the National Mall in Washington on June 23, 2018. AP Photo/Jose Luis MaganaAmerica has never been richer.
Why do so many American workers feel guilty about taking the vacation they’ve earned?
The U.S. is the only advanced economy that doesn't legally mandate a minimum number of vacation days. Comstock Images/Stockbyte via Getty Images“My dedication was questioned.”
“Managers or upper management have looked down upon taking time off.”
“People think that maybe you’re not as invested in the job, that you’re shirking your duties or something.”
Corporate purpose: how boards of directors monitor the mission of European companies
Like hundreds of large European companies, the Veolia group has given itself a corporate purpose. ShutterstockOn April 24th, Veolia’s shareholders voted by more than 99% to inscribe the company’s corporate purpose into its bylaws.
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