Deutsche Bundesbank
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Central banks should collaborate on cross-border CBDCs – Nagel
Bundesbank president talks of “historic opportunity” to improve payments and avoid risk
Cash use supporting ‘shadow economy’ in Slovakia – study
Central bank research points to “substantial” activity intended to avoid regulatory scrutiny
People: Bundesbank appoints Mauderer as vice-president
Former prosecutor joins Dutch central bank’s supervisory board
Cash use on the decline in Germany
Card and mobile payments gain ground as cash’s share of payments falls to 51% in 2023
AI, quantum computing and tokenisation set to transform finance – Menon
But significant barriers remain preventing the technologies from unlocking their full potential
Banque de France and HKMA to conduct cross-border CBDC test
HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials
BIS and BoE launch project to simplify FX transactions
Project Meridian FX seeks to link RTGS and DLT systems
Most Germans would use digital euro – Bundesbank
Privacy, sturdiness and offline functionality among top concerns, survey finds
Bundesbank’s Nagel: central bank business models are changing
Panetta says wholesale CBDC likely to launch sooner than retail; Das gives update on digital rupee
Bundesbank partners with MIT on digital euro privacy
EU previously raised concerns about single access point to verify holding limits
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
BIS and central banks develop AI tool to mine climate data
Hallucinations “do not seem” to impact results of initiative with Bank of Spain, ECB and Bundesbank
Bundesbank reckons with predecessor’s past
German central bank publishes report showing Reichsbank was integral to the Nazi era
Central European countries see rise in counterfeiting
Danish central bank to upgrade banknotes ahead of overhaul
Bundesbank and DNB announce large losses
Dutch central bank improves its profit forecast but Nagel anticipates continuing shortfalls
Eurozone’s reserve-rich banks less sensitive to rate hikes, paper finds
Higher reserves meant some banks kept lending after rates rose, Bundesbank paper says
Bundesbank research looks at German banks’ forecasts
Economists measure lenders’ effectiveness at planning for rates cuts
Bundesbank paper looks at core inflation uncertainty
Higher uncertainty over inflation acts like positive demand shock, researchers find
Bundesbank paper looks at role of carbon emissions disclosures
Obliging firms to increase transparency boosts low-carbon investment, researchers find
Middle income countries recall highest volume of worn banknotes
High income jurisdictions remove notes with the highest average value