A form of global digital currency could be the answer to the destabilising dominance of the US dollar in today’s global monetary system, Mark Carney said in remarks at the Jackson Hole symposium. The Bank…
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A working paper published yesterday by the Bank for International Settlements (BIS) proposes a new method for governments to defend their finances from self-fulfilling market panics. Author Anna Zabai proposes linking government borrowing to the…
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Mario Marcel, the former governor of the Central Bank of Chile, told the Central Banking Summer Meetings 2022 “credibility, trust and communication” were critical to central bank policy-making. Marcel, who became finance minister of Chile…
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Yngve Slyngstad, Norges Bank Investment Management’s current chief executive The leadership of Norway’s $1 trillion sovereign wealth fund is involved in an expenses scandal affecting both the incoming and incumbent chief executives. Over the weekend,…
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Poor management and ineffective supervision often trigger bank failures, and may outweigh macro factors as causal or aggravating conditions. Bad management and weak supervision are closely bound up together. Irrespective of the macro context, when…
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National Bank of Romania board room In November 2021, Mario Marcel – then governor of the Central Bank of Chile – appeared before a Chilean constitution committee.1 Among the battery of questions he faced about the…
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Powell gets second term, Brainard becomes vice-chair The US Senate voted 80-19 on May 12 to confirm Jerome Powell for a second four-year term as the chair of the Federal Reserve. President Joe Biden had…
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Central bankers say there is a wide array of use cases for central bank digital currency (CBDC), but caution against letting the focus of digital currency projects become too broad. “We are at a point…
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Central Banking’s fifth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community. The results are revealed in the awards articles published in this special winners’ review. They show how…
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This year’s Jackson Hole conference revealed the previous consensus that central banks should focus on ‘keeping their own houses in order’ to achieve the best global results may be losing momentum. Bank of England Mark…
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