We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold...
The debate on banking regulation has been dominated by flawed and misleading claims. Such claims provided the basis for poorly designed rules. Despite...
The so-called “FinTech revolution” is beginning to have a significant impact on the way new companies are financed. The UK is widely acknowledged...Read more
Initial coin offerings (ICOs) have become the prevalent source of financing for start-up companies that use blockchain technology, raising more...Read more
The financial crisis of 2008 and the ensuing sovereign debt crises of 2010 to 2012 had devastating consequences for European economies, not least...Read more