National Bank of Austria
BIS, SNB and World Bank advance promissory note tokenisation
Six other central banks tested the blockchain technology
Eurosystem completes first DLT experiment
Austrian central bank settled “mock transaction” on distributed ledger technology
Global Money Week aims for better money sense
OECD event aimed at boosting financial literacy receives attention in central and eastern Europe
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Currency round-up: Austrian leader calls for right to cash
US Mint continues quarters programme; Bangladesh adopts “clean note” policy; and more
Machine learning pushes frontier of forecasting
AI techniques are starting to transform central banks’ statistical modelling. They could soon revolutionise structural models as well
Austria introduces new clearing service
Central bank welcomes lender-owned company’s oversight of new system
The behind-the-scenes effort to convert Ukrainian refugee cash
How central and commercial banks worked to allow Ukrainians to exchange cash in wartime
Managing risk with ETFs
Central Banking speaks to eight reserve managers about their thoughts on the use of ETFs, faced with market volatility, uncertainty and escalating inflation
Austria’s Partsch explains decision to raise equity exposures
Central bank boosted equity investments from 5% to 12% in the wake of the pandemic
ECB calls for changes to draft Austrian central bank law
Mechanism for paying productivity council’s head would be monetary financing, ECB says
Too great expectations from the ECB’s strategy review
The review process represents operational best practice, but will fail to unify the Governing Council
Ignoring fire sales weakens stress tests – Bank of Austria paper
Paper presents new method for calculating effects of deleveraging by distressed banks
Number of women in financial services is ‘pathetic’ – IMF’s Georgieva
IMF and ECB heads say central banks must increase their representation of women
European central bankers see room for fiscal-monetary co-operation
Pandemic showed it was “critical” for both policies to work together, say central bank governors
Austrian paper estimates effects of European helicopter money
Researchers use data on likely consumption of windfall income from survey of 17 European countries
Contactless cards change young people’s payment habits - OeNB paper
Researchers use data on randomly selected 21,000 banking customers in Switzerland
Specialised lending initiative: BNP Paribas
A new ‘global’ setup helped secure US dollar-denominated assets from a Eurosystem central bank
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
ECB monetary policy statements should change – Italian governor
Visco rejects idea of putting names to votes as eurozone governors differ on inflation policy
New Austrian governor says ECB should tighten policy
Robert Holzmann is distinguished pensions specialist and supporter of hard-right political party