Opinion Pieces

Since the onset of the Global Crisis in 2007-08, stress testing has emerged as a major component of the supervisory toolkit. This column introduces a...

There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during...

How would a unilateral Greek default affect politics and policy elsewhere in Europe? A Greek default is more likely to strengthen voter support across...

Iceland has just announced it is getting rid of its capital controls. This column argues that the government’s plan is a credible, efficient and fair...

Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. This column argues that it is more likely to...

The Swiss central bank last week abandoned its euro exchange rate ceiling. This column argues that the fallout from the decision demonstrates the...

Jeffrey Chwieroth and Jon Danielsson discuss the political challenges of the macroprudential agenda in the ESRC's annual flagship magazine Britain in...

Icelandic voters recently ejected its post-Crisis government – a government that successfully avoided economic collapse when the odds were stacked...

One aspect of the Cypriot crisis resolution is of particular concern. As authorities fear that anyone with money in Cyprus will want to take it out as...

Cyprus has imposed temporary capital controls. This column sheds light on how temporary and how damaging they are likely to be, based on Iceland’s...

Is the fact that different banks have different risk models problematic? Contrary to the Basel Committee and the European Banking Authority, this...