Capital flows
FX interventions are about smoothing volatility – panel
Speakers at Central Banking Meetings also discussed reserve composition and transparency
Philippines may not reach digital payments goal, says governor
Rate cuts will have limited impact on growth, despite BSP having ample policy space, says Remolona
Taiwan rejects accusation of ‘backdoor currency manipulation’
Central bank says it ‘cannot and will not’ have upper limit for New Taiwan dollar
Global liquidity surge continuing, BIS figures show
Lending to non-banks continues to lead cross-border credit expansion
AI and tokenised finance are reshaping financial trust
Amro’s CEO Yasuto Watanabe argues that sustained policy attention is needed to ensure the foundation of trust remains resilient amid financial transformation
Mutual funds amplify FX sensitivity to capital flows – study
Investment in Swiss bonds increasingly linked to franc’s value, SNB paper finds
Taiwan commits to greater FX transparency after talks with US
Central bank rejects claim that domestic currency has been persistently undervalued
Brazil tightens crypto rules amid fears of capital outflow
Stablecoin transactions will be treated as FX operations under new central bank regulations
Researchers revisit 20-year forecast for global monetary system
Eichengreen and Razo-Garcia predict further move towards polarised exchange rate regimes
NBER paper maps out international financial network
Rey and Stavrakeva show equities markets play crucial transmission role
PBoC’s Pan calls for ‘meaningful’ IMF quota adjustments
Governor says global economy needs more co-operation amid heightened uncertainty
China and Indonesia expand cross-border settlement links
Central banks also announce QR-based pilot for payments in local currencies
Geopolitics, crypto and inequality are systemic risks – ESRB panel
Geopolitical risk is shaping markets, institutions and the financial system, says Olli Rehn
Foreign open-end funds threaten financial stability – BoJ study
Researchers say external crises could lead to large outflows from vehicles investing in Japan
Bailey, the IMF and the fundamental asymmetry problem
The IMF must address sovereign asymmetry and transform surveillance into a tool for mutual accountability, argues Biagio Bossone
Taiwan asks foreign traders to improve FX compliance
Central bank says it is considering new regulations amid currency speculation concerns
Geopolitical ructions and the role of the dollar
Implications of the new US administration’s policies for the international monetary system and central banks
Global liquidity flows less sensitive to risk – NBER paper
Capital flows are more stable despite shift into bonds since global financial crisis
EMs resilient to US monetary spillovers, panellists say
Turkish and Thai governors discuss policy challenges at IMF conference in Saudi Arabia
Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
Media narratives drive capital flows into China – NBER paper
Sentiment in news articles impacts investment decisions, regardless of country’s economic fundamentals