Offshore bet

The popular account of offshore financial centres as hotbeds of tax evasion is an outdated caricature that bears little resemblance to how OFCs operate. …

Growing protectionism after the financial crisis

The weak global GDP growth since the financial crisis in 2007-2009 has coincided with unusually weak growth in global trade.
The average global tariff …

Socially Useless? The Crucial Contribution of Finance to Economic Life

Financial firms serve many useful functions which individuals and households could scarcely undertake on their own. These functions include maturity transformation, matching lenders and …

Financial Stability Without Central Banks

A ‘free’ banking system without a central bank provides incentives for banks to act with restraint. Their lending policies are, in effect, tied to …

London’s Global Reach and the Half a Trillion Dollars Equity Prize

As the world’s leading international financial centre, London faces fascinating opportunities as well as some significant challenges in coming years. This is as a …

The Future of EU Finances

This Position Paper is a response to the Reflection Paper on the Future of EU Finances by the European Commission. The goal of this …