Opinion/Comment
The Fed must be careful to avoid bank deposit crowding out
Rising US government debt will have a major effect on bank funding
NGFS offers concrete next steps to assess climate vulnerabilities
New climate risk scenarios to be adopted by BoE and Buba
Iran’s race towards monetary policy reform faces high hurdle reality
Majlis’s Tohid Atashbar writes that the central bank’s new inflation targeting approach may struggle to deliver
A better way to buy private sector securities?
Central bank asset purchases can do more harm than good, writes HKU’s Bryane Michael
PBoC’s post-pandemic policy is still up in the air
China's central bank has resisted radical easing, but this could change after NPC meeting
The impact of AI adoption on supervisors
Triad of AI training, supervisor data scientists and suptech needed
Can growth in developing Asia be made more sustainable?
The structure of the global economy will be reshaped by Covid-19, writes Philip Turner
Beware of capital: much ado about nothing?
Capital increases can be offset by asset valuation, provision and income recognition forbearance
‘Ostrich approach’ to financial stability is a mistake
Denmark’s top supervisor says scaling back IFRS 9 would be a costly error
Pricing the lives saved by coronavirus policies
How does the effort to reduce risks to human life compare with the economic losses?
Concentrated firepower: central banks must expand their arsenal
Philip Turner argues central banks should be prepared to go further to avoid economic collapse
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
Stability versus solvency
There is still far too much regulatory forbearance on troubled bank debt
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
Yngve Slyngstad: contrarian person, brilliant investor
Knut Kjær reflects on the character of the man that has led Norway’s $1.1 trillion SWF
Negative rates demonstrate shortcomings of currency
Distortionary effects of negative rates raise broader questions on design of money itself, writes Barry Topf
In search of a better definition of digital money
Dave Birch tries to cut through the noise on cryptocurrencies, blockchains and everything in between
What is behind China’s digital currency aspirations?
The PBoC sees CBDC as a means of riding the wave of digitisation, and potentially challenging the US dollar’s dominance, writes Hui Feng
Demand for cash remains solid in many parts of the world
Sayuri Shirai re-examines the decline of cash use worldwide
The future of cash: an update
Antti Heinonen looks at the latest trends in cash use, including a surprising turnaround for the Swedish krona
Central bankers without clothes and clout
Without normalisation, central bankers may be revealed to have no clout, writes Jesper Berg
Regulators should embrace digital ID
Lack of single ID in financial services is causing unnecessary friction, argues Dave Birch
The Fed’s trade policy dilemma
FOMC should loosen, but members must speak out more forcefully against tariffs
The IMF should adopt a ‘real SDR’
A vibrant market in SDR linked to commodity prices could create a powerful new monetary anchor