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The major central banks use one key tool to implement policy and influence the economy as directly as possible -- an overnight interest rate on banks’ reserves at the central…
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DOI: 10.1108/OXAN-DB275594
ISSN: 2633-304X
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Geographic
Topical
The attempt to bolster the forint with a hefty rate rise shows a severe loss of confidence in Hungary’s economy. The highest inflation rate since 1996, the energy shock from the…
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DOI: 10.1108/OXAN-DB273612
ISSN: 2633-304X
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Geographic
Topical
The surge was driven by Russia’s announcement that it was halting indefinitely supplies through the Nord Stream 1 pipeline. The new has deepened fears of a severe economic…
The role of cities in climate governance.
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DOI: 10.1108/OXAN-DB206024
ISSN: 2633-304X
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Geographic
Topical
Particularly in Europe, where gas-fired generation sets the marginal power price, high gas prices are being passed directly through into higher electricity prices.
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DOI: 10.1108/OXAN-DB264527
ISSN: 2633-304X
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Geographic
Topical
Some 60% of the total population has now been vaccinated, and the majority (90%) of hospitalised patients are unvaccinated. The government is struggling to increase the pace of…
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DOI: 10.1108/OXAN-DB264765
ISSN: 2633-304X
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Geographic
Topical
Financial markets in Central Europe (CE) are closely correlated with those in the core of the euro-area and their central banks are the most dovish in emerging markets (EMs)…
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DOI: 10.1108/OXAN-DB209976
ISSN: 2633-304X
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Geographic
Topical
Africa's oil price winners.
Although the MNB has struck a more hawkish tone and has raised rates more sharply than expected -- the latest increase is the largest since 2008 -- it has a track record of…
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DOI: 10.1108/OXAN-DB271195
ISSN: 2633-304X
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Geographic
Topical
The measures were designed to boost crisis resilience but they have depressed valuations and made capital-raising more difficult. Banks want them lifted but doing so might be…