Climate change and the transition to a low-carbon economy involve the financial system in two ways. First, because it channels the funds needed to make the large investments to comply with the Paris Agreement. Recent years have seen headway, albeit insufficient, in the development of new...

Artículo de revista ; Since the international financial crisis, central clearing counterparties (CCPs) have assumed a key role in the over-the-counter (OTC) derivatives market. One of the factors behind this increase in activity is the G20 requirement to centrally clear standardised OTC...

This paper constructs estimates of total factor productivity (TFP) growth for the United Kingdom for the period 1970-2000, using an industry data set that spans the whole economy. The estimates are obtained by controlling for variable utilisation of capital and labour, and costs of adjusting...