International

What central banks can do when shocks come from outside

External shocks: central bank policy options

External shocks—from commodity price surges, wars, and pandemics to foreign monetary tightening and abrupt capital flow reversals—create swift and varied challenges for central banks. The suitable rea...

Economy

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

Istanbul retail strategy: achieving scalability across districts

Istanbul emerges as a megacity defined by striking contrasts: compact historic districts, heavily visited tourist corridors, sleek business hubs, expansive suburban areas, and two ...

Investments and Business

How are factor investing and smart beta evolving in volatile markets?

Volatility and the future of factor investing

Factor investing and smart beta strategies sit between traditional active management and passive indexing. Factor investing targets specific drivers of return such as value, momentum, quality, size, low volatility, and carry. Smart beta packages these factor exposures into transp...