International
BIS paper says investors can cut carbon footprint ‘with relative ease’
Passive investors can achieve substantial carbon reduction with simple approach, authors say
IMF makes vaccinations a key focus for 2022
Work programme says fund will try to push forward efforts to “vaccinate the world”
GFXC names SNB’s Maechler as new chair
Swiss central banker succeeds Guy Debelle
BoE paper warns of ‘non-standard errors’
Researchers may introduce additional errors to data samples through their analysis
How to solve the payments privacy paradox
Anonymous CBDC has major drawbacks, but privacy in payments can still work, says Dave Birch
Book notes: The cost of free money, by Paola Subacchi
A book worth reading, as it facilitates further discussion on substantial issues, but doesn’t fully address some of the problems it takes aim at
FSB finds banks grew faster than non-banks in 2020
Pandemic response contributed to stronger growth in bank and central bank assets, report says
Central bank social media trends in the ‘Instagram age’
Uptake of visual social media platforms rises, as Facebook usage plateaus
IMF paper emphasises importance of carbon pricing
Authors say carbon tax would be “more efficient and easier to administer” than other options
Economics Benchmarks 2021 report – making sense of the modern economy
Covid-19 coloured central banks’ views on the governance of their economics function in the past year, from research topics to forecasting, data, publications and more
Crypto markets may centralise power – BIS bulletin
Need for centralisation is “inescapable” despite crypto boosters’ claims to the contrary – researchers
Larger research teams tend to publish more
Central banks with bigger teams report greater publishing volumes, but variation remains
Advanced economies draw on wider range of models
DSGE models and newer techniques more common at advanced economy central banks
The matter of minutes: Why open up private deliberations?
Many central banks publish records of MPC meetings, but far fewer publish vote tallies. Where should public scrutiny stop?
Labour market changes key to inflation – BIS’s Shin
Central banks may face “race against time” to prevent wage-price spiral, says Hyun Song Shin
Book notes: Shades of sovereignty, by Paul Wilson
An essential and stimulating read for central bankers thinking about the monetary history of their state in relation to its historical perspective and broad international trends
People: Arce to lead ECB economics directorate
SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
FSB says gaps remain in resolution regimes
Ten years since resolution framework was published, bank bailouts are still taking place
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
BIS calls for systemic approach to non-banks
“It is essential to reduce the need for emergency central bank support,” says report
Podcast: Waking up to net zero
BNP’s Jane Ambachtsheer says central banks should not be held solely responsible for achieving net zero, but they have a significant role to play
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development