Currency US dollar dominance: beyond the ‘exorbitant privilege’ Biagio Bossone argues that dollar ‘seigniorage’ extends into the very structure of global finance and its ‘exorbitant privilege’ is worth up to $804 billion annually 19 Mar 2025   |  Opinion

Macro-prudential Key lessons from 15 years of macro-prudential policy Pedro Duarte Neves reviews how macro-prudential tools can be used for maximum effect 11 Feb 2025   |  Opinion

Monetary Policy The interest rate dilemma in an uncertain world: a balancing act Biagio Bossone makes the case for a holistic policy approach that includes extending IT tolerance bands, smart fiscal policies, supply-side reform and financial safeguards 04 Mar 2025   |  Opinion

Financial Stability Central banks need to step up their crisis management plans Patrick Honohan argues that robust preparation can better protect reputations in the event of a crisis 27 Jan 2025   |  Opinion

Communication Central banks’ words matter for climate Line between EMEs speaking about greening finance and AEs being wary of climate risks are blurring, argues Emanuele Campiglio 21 Jan 2025   |  Opinion

Financial Stability Liquidity risk: finding the right balance amid growing challenges 2023 banking turmoil is leading to a rethink of liquidity requirements, writes Manoj Singh 15 Jan 2025   |  Opinion

Macroeconomics The UK is not suffering another Truss shock The increase in gilt yields is a long way from the turmoil of 2022, writes Jagjit Chadha. But it does highlight flaws in the use of fiscal rules 13 Jan 2025   |  Opinion

Monetary Policy Central banking amid uncertainty and Trump 2.0 Deglobalisation set to challenge the central banking orthodoxy of the past 40 years 05 Dec 2024   |  Opinion

International Fifth review: done. How Ukraine set a record in passed IMF reviews NBU governor Andriy Pyshnyy says unlocking funding has become a matter of survival for his country 22 Nov 2024   |  Opinion

Governance The monetary base and seigniorage in a digital era Emerging markets and low-income countries may have to lower their expectations of seigniorage revenue 14 Nov 2024   |  Opinion