From extreme weather to transition risks, the systemic challenge of climate change lies in the interconnectedness of risk. Amundi is helping to shape solutions by integrating climate risks across its asset classes and pushing public debate forward.
BoE governor says model of “capital flows at risk” highlights important vulnerabilities
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Ulrich Volz explores why strong leadership is required from central banks and supervisors to ensure the financial sector will be in a position to weather climate risks.
US monetary shocks less important than much recent literature argues, researchers say
UK government partners with BoE to provide economic expertise to emerging markets
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock‘s Isabelle Mateos y Lago, Michael Palframan and Crystal Wan explore the importance of protection in downturn scenarios for reserve…
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Sayuri Shirai surveys the many forces driving increased interest in CBDC
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
A pause may create a “more complex and uncertain external setting” for EMEs, he says
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Reform of the system that brought about the financial crisis in 2007–08 has not gone far enough, writes Zhu Xian, IFF vice-chairman and vice-president of the New Development Bank. Developing countries are demanding greater influence in global economic…
Informality dampens impact of some shocks but also impairs policy transmission, authors find
Japan and China are the only two to receive a more optimistic outlook from the IMF
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Emerging markets borrowing in domestic currency are still affected by the US dollar exchange rate
Alternative policy tools can be deployed to overcome the dilemma, the authors say
“Integrated inflation targeting” would combine policies for maximum effect, authors say