Central Banks
Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
Bank of Italy paper examines within-firm estimation strategy
Credit interdependence means standard estimates of shocks’ effects are biased , authors find
Local preferences affect US bank lending to minorities – research
Ethnic minorities’ credit access is affected by stakeholders, NY Fed paper finds
RBI deputy calls on government to tackle bankruptcy backlog
Courts are struggling to deal with caseload, putting progress on credit quality at risk, official says
Millions of South Korean workers face AI replacement – research
Workers with higher incomes and education are more at risk, Bank of Korea paper says
Enterprise-wide risk management widespread among central banks
Few institutions maintain use of department-level and damage limitation approaches
Market ‘exuberance’ a problem for central banks – Gopinath
Easier financial conditions may be coming too early, IMF official says
Monetary policy likely to be weak climate tool – Bank of Spain paper
Model finds central banks are likely to prioritise price stability over reducing carbon emissions
Fed paper presents new way to measure consumer welfare
Consumer preferences change in line with incomes, researcher argues
Bank of Thailand rejects prime minister’s rate cut call
Assistant governor says cutting rates cannot provide a quick fix to economic problems
Most central banks lack climate risk units
Just under half of institutions say they have difficulty hiring staff with matching skills
CBDCs are subject to ‘trilemma’, ECB paper warns
Research builds on Diamond-Dybvig model to examine possibility of runs on central banks
Philippine president removes Diokno as finance minister
Marcos gives former governor a place on central bank monetary board after rice subsidy clash
Borio and Zöllner to depart BIS in 2024
Hyun Song Shin and Luis Bengoechea will fill roles left by top economist and banker