Finance Publications
December 15, 2023
Published by IEA on December 15, 2023
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The Experience of Free Banking outlines a monetary system where private banks issue competing banknotes, usually anchored to a commodity like gold or silver, replacing the central bank’s role.
July 20, 2023
Published by EPICENTER on July 20, 2023
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Competition is a discovery process between rival firms and can only be explained if the information is imperfect.
June 18, 2020
Published by IEA on June 18, 2020
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The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.
April 1, 2020
Published by CEPOS on April 1, 2020
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This analysis is based on five scenarios for the length of the shutdown and an attempt to rate the industry’s production losses.
May 28, 2019
Published by IEA on May 28, 2019
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MiFID II, together with MiFIR (Regulation (EU) No 600/2014), was intended to create a more transparent, competitive and integrated financial market in the EU by reducing trading outside regulated markets, increasing protection for investors and consumers, and improving financial stability.
February 28, 2018
Published by IEA on February 28, 2018
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Financial firms serve many useful functions which individuals and households could scarcely undertake on their own. These functions include maturity transformation, matching lenders and borrowers at low cost, facilitating the transfer of risk and consumption across time and between people, monitoring, and diversification of investments.
