Capital flows
Finland’s Ilves on ESG and the impact of Covid-19 on reserves
Nick Carver speaks to the Bank of Finland’s head of asset management, Jarno Ilves, as part of HSBC’s Reserve Management Trends 2021
Emerging markets pass capital flows test
BIS report concludes inflows are broadly positive, as improved EM institutions make them more resilient
US may not need CBDC – Boston Fed chief
Rosengren says improved payments systems may provide many CBDC uses
Sanctions must go for nuclear talks to succeed, says Iran governor
Hemmati has played major role in sanctions-related diplomacy
IMF warns Tuvalu risks exclusion from global banking system
Country must improve AML framework and domestic lending practices, fund says
Emerging markets should prepare for higher rates – IMF article
Middle and low-income economies need to anchor fiscal policies after the pandemic is under control
Zhang Tao on the IMF’s fintech agenda, CBDCs and big tech oversight
IMF deputy managing director speaks about the fund’s perspectives on CBDC operating frameworks, regulating big tech and macrofinancial oversight in a digital world
China and private sector could free ride on SDR issuance – El-Erian
Economist calls for development of a new common sovereign debt restructuring framework; Vera Songwe says many countries need more debt relief
Cuban central bank approves new money transfer app
Digital wallet offered by Cuban telecoms firm will only receive and pay out in pesos
Higher debt likely to expose EMs to stress – Brazil’s governor
Roberto Campos Neto argues Brazil’s higher inflation is due to temporary shocks
RBNZ stresses need for clarity on climate disclosures
Taxonomies need to be harmonised and disclosure frameworks reviewed to ensure they are relevant for the public sector
HKMA chief plays down threat to currency peg
Eddie Yue tells journalists forthcoming IPOs should alleviate pressure
US fiscal stimulus key factor for inflation in Mexico – governor
Banxico governor stresses importance of investor’s portfolio changes ahead of next policy meeting
National Bank of Denmark simplifies monetary framework
Central bank aims to reduce excess liquidity effect on money market rates
Central Bank of Argentina calls for investigation of IMF agreement
Fund granted South American economy over $57 billion in 2018, its largest-ever package
Ulrich Bindseil on the launch of the digital euro
The ECB’s director-general for market infrastructure and payments speaks about the functionality, tiering approaches, privacy policies, ledger technology and ecosystem impact of the eurozone's planned CBDC
NBG paper develops early warning system for external risks
Georgia’s current account deficit and dollarisation create vulnerabilities, authors say
BIS paper pins down causal impact of capital flows
Study based on confidential BIS data finds capital controls can help prevent overheating
Maggiori, Neiman and Schreger on capital flows and Covid-19
The Global Capital Allocation Project sheds light on where vulnerabilities may lie
BIS tracks $1.1 trillion drop in cross-border claims
Lending surged and then fell back as banks reallocated funds during the Covid-19 crisis
G20 delays decision on poor countries’ debt relief
International efforts have been “unambitious, unco-ordinated and uneven” – prominent economists
IEO calls for IMF to rethink house view on capital controls
Independent review says 2012 reform was helpful but still suffers from shortcomings
Estimating the cost of a pandemic grant for the world’s poorest economies
The cost of support measures for vulnerable economies is manageable, says Steve Kamin, but political leadership may be lacking
People: Denmark names board member; interim chief quits UK FCA
Signe Krogstrup joins board; Chris Woolard to leave FCA after chairing review; MAS shuffles top ranks; long-serving central banker departs Bank of Namibia