International
BIS paper: DLT opens possibility of ‘embedded supervision’
Distributed ledger data would be useful for supervision, but must be trustworthy, author says
Central banks are ‘riders on the storm’, say Jordà and Taylor
Central banks control less than half the overall variation in interest rates, authors find
Book notes: Narrative economics, by Robert Shiller
The book is good fun to read, but some elements are a little disappointing
BoE’s Hauser urges firms to adapt to forex market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
How data is driving a counter-revolution in cash
As the payments landscape undergoes far-reaching changes, central banks are mobilising new data tools and technologies to better understand and serve demands for physical currency
Five insights into China’s green finance transformation
China’s top-down, state-directed mechanism may be the most effective way to embed green finance in a timely manner, writes the PBoC’s Ma Jun
Trade uncertainty ‘surging’ in many countries, IMF warns
New IMF index tracks trade uncertainty across the globe
Macro-pru is no panacea
Many central banks need better macro-prudential policy frameworks and communication at a time of rising political interference
Georgieva emerges as sole contender for IMF top job
Bulgarian national set for managing director role as no challenger comes forward
IMF research flags urgent need for climate policy framework
Co-ordination of fiscal, financial and monetary instruments will be needed, say authors
BIS paper tracks new channel for funding ‘dry-ups’
A squeeze in one market can spill over to institutions with no direct exposure, authors find
30 years of forecasting: have central banks learned anything?
Forecasting models are constantly being upgraded, but forecast errors are still persistent. What more can central banks do?
IMF’s board of governors removes age limit for new managing director
Move could pave the way for the appointment of Europe’s nominee, Kristalina Georgieva
BIS authors offer advice on escaping low inflation trap
Luiz Pereira da Silva and co-authors say “snapback” unlikely, given changing labour markets
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
Trade war may delay renminbi as reserve currency, says reserves manager
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Central Banking Fintech and Regtech Awards 2019 – as it happened
Live coverage from the Fintech and Regtech Awards ceremony in Singapore
Modernising currency management
Central banks continue to strive to optimise currency operations at a time when the relative importance of cash is falling, but usage continues to grow. William Towning looks back at the last 30 years
The Deutsche Bundesbank’s digital transformation
The German central bank’s new digital agenda includes major re-engineering of legacy analytics, processes, innovation management and digital competency
Asset bubbles play role in macro-prudential policy – IMF research
Their size may determine optimal tax levels to address credit imbalances
Fintech and risk: what does the future hold?
Five key areas where regulators need to make judgements on fintech risks
A key message from Jackson Hole: policy must globalise
Setting policy in isolation is becoming untenable and spillovers must be considered more, remarks suggest
BIS paper studies spread of global currency trading
Authors examine “patterns of diffusion” to understand rise of the renminbi
Carstens warns of ‘serious consequences’ from retail CBDC
BIS chief envisages system with wholesale digital currency alongside private retail payment systems