Shocks

Economic uncertainty shocks amplify cryptocurrency volumes and volatility, attracting investors seeking out risk. But the Milei and Trump cases show that politics can influence digital markets in opaque ways

A study by Cremaschi and De Vries shows that the devastation wreaked on Puglia’s olive trees by Xylella fueled resentment toward the government, strengthening support for radical parties. Where public services were found wanting, the agricultural disaster turned into a political fuse

The two years since the last crisis of U.S. regional banks are coming to a close. A crisis that, without warning, shook the American financial system and part of the global system. What happened, and why? Which lessons are still relevant today?

In economics, bad news travels better. A deep dive into the psychological and media biases that reward those who always predict the worst — and why optimism rarely makes the headlines

The latest U.S. inflation figures have reignited expectations of lower interest rates and driven further stock market rallies. However, these expectations are weakly justified. In any case, the situation differs between the U.S. and the Eurozone

Banking crises do not always start at the till. A new Bocconi study reveals that the best firms anticipate collapse by shifting deposits and loans to healthier banks. This dynamic further weakens fragile institutions and requires rapid and targeted interventions by regulators