EU set to meet two of its three 2020 climate goals

A four-percent drop in greenhouse gas emissions in 2019 and the green effects of the pandemic will help the EU meet two of its three 2020 climate goals, a report published Monday showed.

Why lockdown had little to no effect on global temperatures

Countries across the world took unprecedented action in the first few months of 2020 to control the spread of COVID-19. At its peak, one-third of the world's population was in lockdown. Around the world, car travel fell by ...

The best of both worlds for economic predictions

Danish physicist Neils Bohr once quipped that prediction is hard, especially when it is about the future. But this is precisely what financial regulators need to do—forecasting the likely state of the economy in the future ...

Unconventional monetary policy and bank risk taking

Unconventional monetary policy does not lead to greater risk-taking by banks, according to new research. This will be welcome news for central banks and policymakers as they ramp up efforts to limit the economic fallout of ...

Pandemic shows central banks may be better off working together

A new University of Missouri Trulaske College of Business study suggests that when different countries make similar economic decisions during financial crises, the global economy improves much more quickly than if they act ...

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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

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