Budget and Finance
Budgeting and taxation are key instruments for implementing government policies. Budgeting and taxation are key tools for regulating economic conditions. In fact, they are often at the heart of debates, both in periods of growth and crisis. All the analyses of our contributing economists can be found below.
Killer Chart: Why is gold increasing in global reserves?
This brief note aims to decipher a striking chart related to current economic events. At a time when gold is rapidly increasing in importance in
How the ECB implements its monetary policy: yesterday, today, and tomorrow (Note)
Summary: For a long time, the European Central Bank’s (ECB) monetary policy was based on steering the overnight interbank market rate (EONIA), which was kept at the center of a rate corridor, close to the main refinancing operations rate (REFI rate). The massive injections of liquidity implemented since 2008 have profoundly changed this framework, leading
The return of securitization in Europe – Part 2 (Note)
Abstract : : A previous article showed how the STS (Simple, Transparent, Standardized) framework has made securitization safer since 2008. Despite this, the European market remains atrophied: €244.9 billion in 2024, 60% less than in 2008 and only 15.8% of the US market. The obstacles are structural. European insurers, penalized by Solvency II, allocate only 0.33%
El Pais – Victor Lequillerier and Anthony Morlet Lavidalie on France’s economic situation (Interview).
Double quote from BSI Economics economists Victor Lequillerier and Anthony Morlet Lavidalie in an article by journalist Raquel Villaécija in
Rethinking the tax system based on efficiency criteria: a comparison between France and Switzerland (Front Economique)
Launched in October 2024 on the initiative of Medef, the Economic Front brings together economists, academics, business leaders, and think
The Zucman Tax: Opportunities, Fantasies, and Alternatives (Part 2)
Abstract : By addressing the issue of growing wealth inequality, the Zucman tax seeks to establish greater fiscal equity. This tax
The Zucman Tax: Opportunities, Fantasies, and Alternatives (Part 1)
Abstract : : By addressing the issue of growing wealth inequality, the Zucman tax seeks to establish greater fiscal equity. This
Killer Chart: Stablecoins—A Real Opportunity or a Source of Instability?
Disclaimer: The information contained in this article does not constitute investment advice or a solicitation to buy or sell financial
