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Nova ObservatoryOutside Voices

Opinion.

Independent essays from academics, regulators and practitioners. Nova does not endorse every argument printed here — disagreement, signed and sourced, is the point.

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3 essays
  1. 02

    The cross-border SCPI tax illusion

    French residents investing in German or Dutch SCPI assets are sold a tax story that rarely survives contact with a bilateral treaty.

    Maître Olivier Renaud · Renaud & Associés, Paris
    11 May 2026
    7 min
  2. 03

    The stablecoin collateral fiction

    Reserves disclosed monthly are not reserves verified continuously. The distinction matters more than the industry pretends.

    Prof. James Okonkwo · London School of Economics
    04 May 2026
    8 min
  3. 04

    The political economy of remittance corridors

    Why France-Senegal stays expensive while France-Morocco quietly improved: a story about banks, bilateral agreements, and what regulators choose to measure.

    Fatou Sarr · Former World Bank consultant
    27 April 2026
    6 min