Opinion Pieces

Pedro Duarte Neves says stress tests must evolve to capture systemic, liquidity and cyber risks.

This policy note summarises the main empirical findings on the effectiveness of macroprudential policy: macroprudential policy contributes to a...

The short-termism of corporate managers has been a recurring concern of policymakers for decades due to the close tie with mispricing in capital...

The COVID-19 crisis presents a multi-faceted challenge to policymakers. A combination of declining commodity prices, the rise in unemployment, and...

Given that China is a strategic and economic rival to the US, the Trump administration’s framework for US-China trade makes far more sense than one...

Cryptocurrencies are primarily held today for speculative reasons and see little economic use outside of that. This column argues that if private...

Are cryptocurrencies the future of money, Ponzi schemes, speculators’ dreams, or just a prosperity gospel? While there is money to be made in the...

Are cryptocurrencies the future of money, Ponzi schemes, speculators dream, freedom or just a cult?

Reliable indicators of future financial crises are important for policymakers and practitioners. While most indicators consider an observation of high...

Cryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not...

Exploitative momentum investing would shrivel in the absence of benchmarkers.

The Global Crisis has intensified debates over the merits of financial innovation and the optimal size of the financial sector. This column presents a...

Big investors currently pursue two very different strategies when appointing external managers. Their traditional approach is to hire fund managers...

Managers should focus on companies, not prices, says Paul Woolley.

Risk metrics should be based on asset cash flows.

Short-term price movements have come to dominate.