Ruth JudsonThe incidence of currency counterfeiting and the possible total stock of counterfeits in circulation are popular topics of speculation and discussion in the press and are of substantial practical interest to the Federal Reserve, the U.S. Treasury and the United States Secret Service (USSS), who are jointly responsible for U.S. banknote design, including security features, and production.
Jin-Wook Chang, Elizabeth Klee, and Vladimir YankovWe develop a model of the repo market with strategic interactions among dealers who compete for funding in a decentralized over-the-counter market and have access to a centrally cleared interdealer market.
Money doesn't grow on smartphones. SERSOL/Stock via Getty Images PlusWhen nonprofits use multiple strategies during their online fundraising campaigns, such as thanking donors for their support, telling the public about their missions and conveying how they are helping people, they receive more donations than if they stick to only one kind of post.
Climate change is a global-scale structural change, affecting economies across the world, alongside global fragmentation, digitalisation and demographics. This paper analyses the diffusion of climate policies and technologies and the role of institutions and governance in that process. It discusses theory, models and data available to date, and the empirical evidence for the 20 European Union and all 40 countries covered by the OECD’s Environmental Policy Stringency index.
Climate change is a global-scale structural change, affecting economies across the world, alongside global fragmentation, digitalisation and demographics. This paper analyses the diffusion of climate policies and technologies and the role of institutions and governance in that process. It discusses theory, models and data available to date, and the empirical evidence for the 20 European Union and all 40 countries covered by the OECD’s Environmental Policy Stringency index.
Supplied/AppleTV+The highly anticipated season two of Severance, released in weekly instalments, has continued to draw interest among viewers around the world.
A gripping psychological thriller, this TV series provides an extreme illustration of the compartmentalising of work and personal life.
New research reveals that rising insurance costs, reckless building, regulatory inaction, and big banks' fossil fuel investments are driving a dangerous cycle that jeopardizes homeowners -- and financial stability for everyone.
Everyone’s freaking out about soaring homeowner’s insurance costs in the wake of devastating California fires. Right now popular anger focuses mostly on greedy insurance companies, but is that the whole story? Are they truly the main reason behind these rising premiums, or are other factors at play?
In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make – meaning the government loses money on every coin – the announcement might seem practical at first glance. But does the president have the power to kill off the penny?
HM Treasury and the Bank of England have updated the 2018 Memorandum of Understanding on their financial relationship and published a Joint Statement.
