The most popular and thought-provoking posts on Finance21
Stablecoins are not an efficient way to strengthen the international role of the euro, says Christine Lagarde. The best solution to do so remains: deeper capital market integration through the savings and investment union and a stronger safe asset base
Stablecoins and the future of money: separating functions from instruments Read More »
The dramatic developments unfolding globally, spanning wars, geopolitical shifts, and trade disruptions, have caught Europe off balance. Marco Buti, Giancarlo Corsetti and Anna Peychev discuss the 2026 Florence Report and urge the EU to replace its broken ‘reduced responsibility model’ with a New European Social Contract integrating defence, finance, and the supply of public goods
Reconfiguring Europe in a fractured global economy Read More »
Across developed countries there is a growing perception that social progress has stalled. Paul Johnson, James Banks, Tim Besley, Richard Blundell, Angus Deaton, Robert Joyce, and Debra Satz argue that stronger economic growth, more dynamic labour markets, and policies that help opportunities take root are essential to tackling inequalities
Challenging inequalities: how we got stuck and where we go next Read More »
The global asset management industry is simultaneously growing and consolidating. Dirk Schoenmaker argues that US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent
Risks for Europe of US dominance of global asset management Read More »
Andrew Bailey argues that modern central bank independence is well-defined for monetary policy but incomplete, and highlights the challenges for a central bank’s financial stability mandate
Central Bank Independence – in need of further thinking Read More »
Uuriintuya Batsaikhan discusses the outline plan to reduce stigma associated with short-term borrowing from the Federal Reserve, and argues that the reform package may be doing banks too many favours, and risks amplifying liquidity risk, potentially threatening more bank failures
Can US banks have it all? Liquidity in times of ample reserves Read More »
The G20 is approaching a turning point. Dennis Snower argues that the UK Presidency in 2027 has an opportunity to position the G20 as a platform for managing the complexities of the twenty-first century
Preparing for a new G20 alignment Read More »
A new phase of digital finance is taking shape, says Piero Cipollone. The ECB aims to achieve an integrated European market for digital assets, with safe central bank money as the backbone of the system
Preparing Europe for digital finance Read More »
The ETS is the EU’s key climate policy instrument. Simone Tagliapietra and Georg Zachmann write that when discussing the emissions trading system policymakers should remember five risks of undermining the system
Five reasons why attacking the EU carbon market is economic self-sabotage Read More »
Economic growth depends on free market policies. Patrick Minford argues that the UK’s economic stagnation is not caused by Brexit but by damaging government policies
The cause of economic stagnation Read More »
