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Niger, a low-income and conflict-affected state, faces significant governance challenges that hinder economic development. The military takeover in 2023 has altered the governance landscape, resulting in concerning trends such as the suspension o...
We document a novel feature of active exchange-traded funds (AETFs): they serve as a disciplinary tool for investors to remove underperforming portfolio managers. Unlike mutual fund shares, ETF shares can be shorted, which enables investors to bet...
Cryptocurrencies and decentralised finance (DeFi) aim to replicate many of the economic functions of traditional finance (TradFi), but their distinctive features introduce new financial stability risks. We analyse these features, and examine key d...
How do climate anomalies affect GDP growth, and how do trade connections help understand this impact? We address these questions exploring local fluctuations in temperature and precipitation coupled with data on supply chain linkages between munic...
Proposals for new payment system architectures abound. To understand their opportunities and challenges, it is paramount to be able to describe and compare them in a consistent and standardised manner. This paper therefore proposes a formally defi...
本研究围绕江苏省氢能产业的发展现状、政策支持体系、产业链 构建及重点企业案例展开深入分析,并探讨了氢能在新型电力系统中的协同作用 及未来发展方向。江苏省作为中国经济发达省份,能源消费总量大,形成了以煤 电为主、新能源快速发展的多元能源格局。截至 2024 年底,全省发电装机容量 突破 2 亿千瓦,新能源装机占比超 40%。在“双碳”目标驱动下,江苏积极推动绿 电交易和氢能产业发展,出台多项支持政策,初步构建了涵盖制氢、储运、应用 的完整氢能产业链。本研究指出,江苏在氢能技术创新、产业集群建...
The discussion on Artificial Intelligence (AI) often centers around its impact on productivity, but macroeconomic evidence for Europe remains scarce. Using the Acemoglu (2024) approach we simulate the medium-term impact of AI adoption on total fac...