English

Following the 2008-2009 global financial crisis, policymakers unintentionally created a regulatory gap that gave nonbanks – enterprises without a banking license that are allowed to offer some banking services – a considerable competitive advantage over banks. It is a problem that is now coming back to haunt them. Fifteen years ago, all eyes were on […]

As the NATO summit starts in Vilnius, just next door, in Belarus, Russian tactical nuclear weapons are being deployed, and there is uncertainty over the presence of the notorious Wagner Group militia units there. So, as Western leaders such as United States President Joe Biden, Turkey’s President Recep Tayyip Erdogan and all other NATO leaders […]

  In ökonomischer Hinsisicht ist jeder, der einen freien Beruf gewählt hat, Unternehmer. (From an economic point of view, anyone who has chosen a freelance profession is an entrepreneur) Martha St. Browne   Even if Martha Steffy Browne did not publish many books or lengthy scholarly essays, her book Theorie der staatlichen Wirtschaftspolitik (1929) was […]

While the U.S. and the euro area appear to have avoided the worst, much depends on how central banks will react to unanticipated news in the coming months.   Inflation is still high, but under control – or so the world of business and financial markets believes. In the euro area, year-on-year consumer prices rose […]

Prof. Pedro Schwartz of CATO Institute – speaking at XVI. International Gottfried von Haberler Conference. University of Liechtenstein Vaduz: May 20, 2022. Find more materials here -> https://ecaef.org/conferences/gottfried-von-haberler-conference-2020/