International

What central banks can do when shocks come from outside

Addressing external shocks: central bank strategies

External shocks—ranging from commodity-price spikes, wars, and pandemics to foreign monetary tightening and sudden stops of capital—pose immediate and diverse challenges for central banks. The appropr...

Economy

Istanbul, in Turkey: What makes a retail concept scalable across diverse neighborhoods

Scaling retail in Istanbul: a guide to neighborhood diversity

Istanbul is a megacity of contrasts: dense historic cores, high-tourist corridors, modern business districts, sprawling suburban neighborhoods, and two continents linked by ferries...

Investments and Business

How do investors assess management quality beyond financial statements?

What smart investors look for in management quality

Financial statements show what a company has accomplished, yet they seldom clarify how those outcomes emerged or if they are likely to endure. Investors seeking to grow capital over extended periods therefore look past income statements and balance sheets to evaluate the strength...