Tag Archives: Technology

Climate Shock: time for more stressful tests on banks

There is no doubt that the central banks, supervisors and regulators recognise the urgency of climate change. This is why they are conducting stress tests on the financial risks that it poses to the banks and other financial institutions. Sadly, … Continue reading

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Central Bank Digital Currencies: Challenges for Commercial banks

Digital currencies are rapidly moving up the agenda for commercial banks. Although Facebook has been forced back to the drawing board with its grand Libra global currency plan, the Covid-19 pandemic is giving dramatic impetus to the central banks’ studies … Continue reading

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Sustainable Recovery Must Be More Than Green

In an article for Project Syndicate, entitled “A Sustainable Recovery Must Be More Than Green” I argue that climate action needs to be closely tied to the urgent need to protect jobs and livelihoods. Otherwise, it risks becoming yet another … Continue reading

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Pandenomics – 15 ways that Covid-19 could change the world

The Covid-19 pandemic leaves us wrestling with a callous calculus: a crude and capricious trade-off between the tragic and huge loss of life and the many more livelihoods that will be lost. We are nowhere near knowing how bad it … Continue reading

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GDP – a Digital Remix

  In a recent article for Project Syndicate, I argue that more than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. The models that most are using are still struggling to … Continue reading

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Time for Macroeconomics to be Remastered

A decade on from the financial crisis, economists have still to learn three crucial sets of lessons. Continue reading

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The Circular Economy’s Six ‘C’ Challenge

Why isn’t the circular economy taking off faster? Market forces alone plainly aren’t enough. There are six ‘C’ challenges, three from the demand side, and three from the supply side. Continue reading

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The Great Disruption

The Great Disruption is the apposite title of Project Syndicate’s magazine for 2019. It explores the implications of the political fallout out from the financial crisis, globalisation, technological change and rising inequality. I was privileged to step into the panel … Continue reading

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Forecasting is Fallible, But Necessary

In my first piece for Project Syndicate I build on my earlier post on the lessons for economic forecasters.  The subtitle of their post prompted some questions about the usefulness of big data. There’s no doubt that economic forecasters can … Continue reading

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Future of Banking – digital disruption, digital diversity

In this video for Oracle, I discuss the future of banking. Digitalisation means that banks will have to figure out how to best use data and combine it creatively with external data sources to provide better and more holistic services to their … Continue reading

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