China: The Chinese government appointed Zhang Qingsong deputy governor of the People’s Bank of China on September 6. Zhang was serving as president of the Agricultural Bank of China, a state-owned bank that is among…
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Australia’s central bank said today (August 8) that it is launching a one-year research project to examine the potential economic benefits of introducing a central bank digital currency (CBDC). The Reserve Bank of Australia will…
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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…
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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…
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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…
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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…
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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…
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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
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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…
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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…
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