A working paper published by the Bank for International Settlements (BIS) has found the current financial system is still “rather inefficient” in terms of the cost of financial services. Examining how fintech has the potential…
Read More
Chile has renewed its flexible credit line (FCL) with the International Monetary Fund, just three months after dropping the facility in favour of the smaller short-term liquidity line (SLL). The IMF executive board approved the…
Read More
When most people consider the effects of government policy on economic inequality they think of taxes, welfare programmes, charter schools or student loans. But, as we show in our new study of the history of…
Read More
Adam Glapiński, governor of the National Bank of Poland, told a Polish magazine that Germany wanted to seize back territory awarded to Poland after World War II. He also alleged Germany wanted to dominate a…
Read More
The Swiss National Bank (SNB) recorded losses of Sfr6.8 billion ($6.9 billion) in the first quarter of 2018, as higher interest rates reduced the price of its sovereign bonds. The central bank said today (April…
Read More
Benchmarking data shows central banks have myriad ways of organising their economists. So how do some of the world’s top research organisations do it? by : Source link
Read More
Hong Kong’s de facto central bank said Edmond Lau, one of its deputy chief executives, will retire early from his post on November 1. In a statement on August 19, the Hong Kong Monetary Authority…
Read More
Central banks are studying options to take central bank digital currency (CBDC) capabilities offline, says John Kiff, a retired International Monetary Fund financial expert. In an article published by the IMF, Kiff says offline digital…
Read More
After a year in operation, the UK’s regulatory ‘sandbox’ has achieved many of the goals set out by regulators, the Financial Conduct Authority says in a ‘lessons learned’ report published today (October 20). The sandbox has…
Read More
The International Monetary Fund must do a better job of policing currency manipulation, and should work towards a better understanding of emerging market economies (EMEs), Shaktikanta Das said on July 26. The Reserve Bank of…
Read More