International A fractured monetary system US policy is encouraging a transition away from a dollar-led, rules-based order 03 Jun 2025   |  Opinion

International Reflections on the international financial situation Jacques de Larosière writes that markets are blind to Trump's policy shocks that are fragmenting the monetary ‘system’ 02 Jun 2025   |  Opinion

Financial reporting Central banks must rethink their accounting treatment of money Biagio Bossone and Massimo Costa call for money to be accounted for as equity for the issuer and as a public asset for the economy 20 May 2025   |  Opinion

Macroeconomics The cost of ‘US liberation’ Stephen Millard outlines NIESR’s latest analysis of the Trump tariffs, as risks tilt to the downside 08 May 2025   |  Opinion

Debt Management Time to worry about Japanese debt? The transition to positive rates means Japan may need to re-examine its huge public debt burden, argues Sayuri Shirai 05 May 2025   |  Opinion

Currency Tracking the changing cash cycle: a global analysis Antti Heinonen highlights sharp declines in note-return frequency and destruction rates 16 Apr 2025   |  Opinion

Financial reporting Rewriting the monetary balance sheet Biagio Bossone and Massimo Costa write that a new accounting approach is needed for central banks and commercial money in the digital age 15 Apr 2025   |  Opinion

Governance Fed independence is under threat US central bank faces increasing pressure although monetary policy autonomy looks safe for now 03 Apr 2025   |  Opinion

People AI at the ECB and the need to strengthen internal critical thinking Carlos Bowles writes that efficiency gains should be shared with staff and efforts made to protect cognitive capacity 21 Mar 2025   |  Opinion