On Global Markets

A weekly column written by Duncan Weldon and produced by the Clark Center for Global Markets. Each week, Weldon explores timely topics of macroeconomic importance.

On Global Markets

The Digital Euro

From the mid to late 2010s, and into the early 2020s, there was a flourishing of interest in the idea of central bank digital currencies (CBDCs). By some counts more than 120 central banks have explored the idea of issuing a digital version of their currency. Unlike a typical cryptocurrency, a CBDC would be issued […] 
On Global Markets

Is AI Different?

Over the past two months, alongside the regular coverage of the Clark Center’s polls and other news, On Global Markets has been reporting on the discussions held at the Economic Experts Conference 9/10 October. Most of those sessions were held under the Chatham House Rule. The development of artificial intelligence (AI), in its various guises, […] 
On Global Markets

Is GDPR Working?

The regulation of Big Tech, the internet, and digital markets in general is a realm of transatlantic diversion. The last decade has seen the European Union (EU) press ahead with its General Data Protection Regulation (GDPR) – which brought about strict laws on data handling – and enact the Digital Markets Act, which designated some […] 
On Global Markets

AI and Growth

Wall Street certainly seems, despite recent wobbles, to be optimistic about the future of artificial intelligence. Despite some chaotic policymaking, the imposition of the steepest tariffs since the 1930s, a lengthy government shutdown and mounting concerns about the health of the jobs market, the benchmark S&P 500 index has advanced around 15% this year and […]