Batteries
The ready scalability and high modularity energy storage capabilities of batteries makes them a prime enabling technology for decarbonising the transport sector, and the electricity networks1 which perforce will become the backbone of the low-carbon energy system. [pdf-embedde… Become a member to read the rest of this article Username or E-mail Password Remember Me […]
TURKEY: Erdogan to meet Biden, no breakthrough expected
US President Joe Biden will meet with Turkish President Tayyip Erdogan in Brussels on 14 June during the NATO summit, less than two months after Biden declared the WWI mass killings of Armenians by Ottoman Turks as an act of genocide, sparking anger in Ankara. Despite the slew of… Become a member to read […]
GREECE: Labor market reform after record bond sale
Greece is experiencing a slow start to its tourism season but even though such a key sector continues to feel the impact of the pandemic, the latest GDP figures provided some encouragement for a swift economic recovery as Covid-19 wanes The country just received its strong… Become a member to read the rest of […]
EUROPE: Managing the pandemic – what we are watching
This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. France – The seven-day average of daily c… Become a member to read the rest of […]
Fiscal regimes and the exchange rate
In this paper, we argue that the effect of monetary and fiscal policies on the exchange rate depends on the fiscal regime. A contractionary monetary (expansionary fiscal) shock can lead to a depreciation, rather than an appreciation, of the domestic currency if debt is not backed by future fiscal surpluses.
The accountability regime of banking supervisors: with great power comes great responsibility
FSI Briefs No 14, June 2021. Following the Great Financial Crisis, many supervisors have been tasked with a multitude of new objectives layered atop the core safety and soundness (S&S) mandate, which is difficult to define. Some of these new remits are broad and driven by governmental priorities, clouding the demarcation between prudential and political spheres….