We estimate the economic value of zoning reform in São Paulo, which altered maximum permitted construction along transportation corridors. Developers increased filings for multifamily construction in blocks affected by the reform, leading to more housing supply and lower housing prices in neighborhoods that allow more densification. Our equilibrium model of housing markets estimates an aggregate…
The Treasury’s draft crypto manual retrofits 1960s exchange controls onto digital assets, leaves threshold blanks and bans self‑custody transfers — risking South Africa’s Web3 access and the rand.
It is deeply worrying that the situation has reached this point. The Treasury has clearly hit the limits of its patience, forcing it to draw a line in the sand.
