Currency networks shape global spillovers, BIS authors find


Two economists at the Bank for International Settlements (BIS) map currency networks to measure their importance in transmitting global monetary policy shocks in a working paper published on March 17 by the BIS.

Stefan Avdjiev and Előd Takáts make use of the BIS’s enhanced global banking statistics, which they say allow them to map networks in dimensions that were previously unavailable to researchers. In Monetary policy spillovers and currency networks in cross-border bank lending, they show

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ETFs in reserve management focus report 2022

Exchange traded funds (ETFs) have risen in popularity among investors and may be of interest to central bank reserve managers in pursuit of safety, liquidity and returns. Central bank mandates vary, but all reserve managers must navigate a new, complex…

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