PBoC has tried to strike balance between bigtech innovation and reining in risks
State direction offers quick mechanism to embed green finance, writes PBoC’s Ma
Many central banks need better macro-pru frameworks
Forecasting models are constantly being upgraded, but forecast errors are still persistent
Winners In Focus
Central banks strive to optimise currency operations, even as relative importance of cash drops
Digital agenda includes re-engineering legacy analytics, processes, innovation management and competency
Five key areas where regulators need to make judgements on fintech risks
Cyber risks and lax supervision are biggest threats to financial stability
Haruhiko Kuroda explains how Japan’s long battle against deflation may offer insights for others
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies has ended decades of runaway inflation
What tactics will central banks deploy?
Global imbalances are growing, and it is unclear whether the world’s institutions have enough firepower to respond to a crisis, writes Daniel Hinge
Sayuri Shirai assesses the implications of stablecoins for stability, monetary policy and regulation
Central banks and regulators have recognised the need to take responsibility for risks emerging as a result of climate change, but there remains an abundance of work to be undertaken, and Central Banking hopes this report will provide some guidance on…
Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change.
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Ulrich Volz explores why strong leadership is required from central banks and supervisors to ensure the financial sector will be in a position to weather climate risks.
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
The Fed is cutting the size of its balance sheet, but is unlikely to reduce it to pre-crisis levels
Making economics accessible to everyone
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey
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