Sergey Nivens/Getty ImagesBy claiming workplaces need to “man up”, Meta CEO Mark Zuckerberg is ignoring one of the biggest untapped opportunities for economic growth – women entrepreneurs.
Thomas Piketty and Michael Sandel explore how inequality isn’t just about wealth—it’s about dignity. They discuss how economic structures fail to value workers without elite credentials and propose solutions that go beyond redistribution.
See the headline results from an October 2024 survey of 25 financial institutions that are active in the UK foreign exchange market.
Macroeconomic indicators refer to economic data points that help assess the economy’s health and future prospects. They are used by investors and policymakers to comprehend the economy’s growth and performance. Some of the macroeconomic indicators include Gross Domestic Product (GDP), coincident indicators, and inflammation. Other indicators include National Income, Consumer Price Index, and Producer Price ...
When a rival business stumbles, it's both a threat and an opportunity. Matt Molloy via Getty Images PlusImagine: You’re in charge of marketing for a major automaker, and your biggest competitor just recalled thousands of vehicles. Now customers are worried about the safety of cars like yours. Do you seize the moment and ramp up advertising to steal market share?
Chris AndersonRegulating bank risk-taking is challenging since banks know more than regulators about the risks of their portfolios and can make adjustments to game regulations. To address this problem, I build a tractable model that incorporates this information asymmetry. The model is flexible enough to encompass many regulatory tools, although I focus on taxes. These taxes could also be interpreted as reflecting the shadow costs of other regulations, such as capital requirements.
Kabir Dasgupta, Keisha SolomonThe Medicaid continuous enrollment provision, which ensured uninterrupted coverage for beneficiaries during the COVID-19 pandemic, was ended in March 2023. This unwinding process has led to large-scale Medicaid disenrollments, as states resumed their standard renewal process to evaluate enrolled individuals' eligibility status.
We study the implications of deviations from covered interest rate parity for international capital flows using novel data covering euro-area derivatives and securities holdings. Consistent with a dynamic model of currency risk hedging, we document that investors’ holdings of USD bonds decrease following a widening in the USD-EUR cross-currency basis (CCB). This effect is driven by investors with larger FX rollover risk and hedging mandates, and it is robust to instrumenting the CCB. These shifts in bond demand significantly affect bond prices.
This paper explores the impact of the regulatory leverage ratio (LR) on banks’ demand for reserves and thus the pricing of overnight liquidity in the euro area money markets. We use daily transaction-level money market data during the period between January 2017 - February 2023 and examine the two major overnight money market segments – the unsecured and the secured one, distinguishing between over-the-counter (OTC) and CCP-cleared trades for the latter. We find a significant positive link between a bank’s LR and the spread between its money market borrowing rate and the DFR.
Boston Globe
“But a first-of-its-kind Massachusetts law that Governor Maura Healey signed this month will rein in private equity greed in health care, offer hope that the state can avoid similar future crises, and serve as a model for other states to build on.
The new law effectively bans deals like the one Steward made with MPT, a real estate investment trust.
…
