Opinion/Comment
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
PBoC is navigating into uncharted waters on RMB
Renminbi depreciation will cause problems at home and abroad
Are central bank digital currencies inevitable?
Launching a CBDC could protect the pre-eminence of public money, a new report argues
The twilight of banking supervision
Supervision of banks in Europe has deteriorated
Doves vs hawks: IMF advice on unconventional monetary policy
Funds’ advice on innovative measures has not always “stood the test of time”, writes Philip Turner
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
Education, education, education: designing a master’s in global central banking
The BoE’s Paul Fisher says there is a growing need for all-round central banking education
Motivations and prospects for central bank digital currency
Sayuri Shirai surveys the many forces driving increased interest in CBDC
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Walking the talk – engaging with indigenous communities
Engaging with disadvantaged communities is increasingly recognised as important by central banks
Should central banks be more active in managing integrity risks?
Antti Heinonen says central banks can mitigate ethical risks around banknote procurement
Latest restructuring boosts the PBoC’s regulatory clout
Hui Feng says the PBoC’s restructuring carries “profound implications” for its policy role
Supervisory lessons: resolution is a ‘dirty business’
Aristóbulo de Juan offers a toolkit for resolving problem banks
EME central banks can counter the next downturn
Philip Turner urges central banks to consider a broad range of actions to tackle volatility stemming from currency mismatches