What Do Asset Prices in April 2025 Say About Demand for the Dollar?

We harmonize survey data on interest rates paid by approximately 15,000 small and medium enterprises across 125 firm surveys and 285,000 households across 83 household surveys spanning developing and rich countries to study the relationship between monetary policy rates and borrowing costs faced by SMEs and households. Using within-country variation in policy rates over time,…

25 June 2026 Portfolios of non-financial corporate credit claims to be integrated into general collateral framework Implementation planned for November 2027 at the earliest Changes are final step in discontinuing temporary crisis-era collateral easing measures The Governing Council of the European Central Bank (ECB) has decided today on the eligibility criteria and risk control framework…

Georgetown University recently attained a dubious distinction: it became one of sixteen colleges nationwide with a price tag of more than $100,000 (including tuition, required fees, room, and board). Cue the usual caveats: “Ignore the sticker price” and “Nobody pays the sticker price.” The message is that students shouldn’t be warned off by those hefty…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced…

The framework that has long guided development economics no longer reflects how modern economies actually create value. As the boundaries that once separated sectors become blurred, prosperity increasingly depends on how economies build the ecosystems that sustain technological progress and nurture new productive capacity. CAPE TOWN—The economist Dani Rodrik recently reopened one of development economics’…