Central Bank Digital Currencies: 4 Questions and Answers
By Tobias Adrian and Tommaso Mancini-Griffoli
Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic requiring active analysis and debate. (more…)
Central Bank Accountability, Independence, and Transparency
By Tobias Adrian and Ashraf Khan
عربي, 中文, Español, Français, 日本語, Português, Русский
In August 1694, the Bank of England opened for business with a staff of 19. The original Royal Charter, granted by King William and Queen Mary, tasked the Bank to “promote the public Good and Benefit of our People.” (more…)
Lower for Longer: Rising Vulnerabilities May Put Growth at Risk
By Tobias Adrian and Fabio Natalucci
عربي, 中文, Español, Français, Português, 日本語, Русский
The pace of global economic activity remains weak, and financial markets expect rates to stay lower for longer than anticipated in early 2019. (more…)
Global Banks May Grow More Vulnerable to a Dollar Disruption
By Claudio Raddatz and Adolfo Barajas
عربي, 中文, Español, Français, 日本語, Português, Русский
When a Mexican airline buys Brazilian airplanes, it’s likely to finance the purchase with a US dollar loan obtained from a non-US bank. (more…)
Connecting the Dots Between Sustainable Finance and Financial Stability
Evan Papageorgiou, Jochen Schmittmann, and Felix Suntheim
عربي, 中文, Español, Français, 日本語, Português, Русский
Unsafe working conditions. Use of child or forced labor. Environmental impact on protected areas. (more…)
To Tackle Housing Affordability in Canada, Build More Houses
By Michal Andrle, Cheng Hoon Lim and Troy Matheson
Policymakers across the world worry about affordable housing. (more…)
chart of the weekMobile Money Spreads to Asia
By Esha Chhabra and Bidisha Das
Thanks to mobile money, any person with a basic phone can now make cash transfers, pay bills, and send money to family members abroad without having a bank account. (more…)
A Capital Market Union for Europe: Why It’s Needed and How to Get There
By Ashok Vir Bhatia, Srobona Mitra, and Anke Weber
When savers and firms invest and borrow beyond their national borders, they enjoy opportunities to diversify their portfolios and lower their funding costs, respectively. (more…)
New Index Tracks Trade Uncertainty Across the Globe
By Hites Ahir, Nicholas Bloom, and Davide Furceri
Rising trade uncertainty is cited as a driving factor for “sluggish global growth” in the current issue of the IMF’s World Economic Outlook, which describes the state of the world economy. (more…)
A Role for Financial and Monetary Policies in Climate Change Mitigation
By William Oman
July 2019 was the hottest month ever recorded on earth, with countries across the world experiencing record-breaking temperatures. (more…)