Analysing events such as the COVID pandemic that have created financial instability to banking and capital markets
The US administration’s approach to financial markets mixes deregulatory policies with a range of other policies that are largely without precedent. Gary Gensler, Lev Menand and Joshua Younger catalogue the relevant policy shifts and consider how these shifts may impact financial stability, capital markets, and the global dollar system
The financial sector and global dollar system Read More »
The US economy has shown resilience in a context of sweeping changes in economic policy. Jerome Powell says inflation and the hiring slowdown are creating challenging conditions and that balance of risks is changing
Monetary policy and the Fed’s framework review Read More »
Periods of deregulatory zeal preceded all three of the most infamous financial meltdowns over the past century. Michael Barr sounds the alarm about the potential impact of Washington’s push to massively deregulate America’s financial sector
Booms and busts and the regulatory cycle Read More »
It is five years since Brexit. Jesper Berg, Rebecca Christie, Hans Geeroms and Francesco Papadia argue that the EU and UK should address issues with the clearing and settlement industry and letterbox firms to protect financial stability, withstand transatlantic turmoil and help their respective economies thrive
Make finance part of the EU-UK post-Brexit reset Read More »
More EU debt issuance would be the best response to Trump’s tariffs, Silvia Merler argues that the European Union should think strategically and seize the opportunity to fill the void created by Trump
The European Union faces a structural shift Read More »
It’s only a matter of time before technological advances turn current generative AI issues into challenges rather than insurmountable problems. Michael Barr has high hopes for generative AI in making a sound and resilient financial system for all
Artificial intelligence, fintechs, and banks Read More »
Andrew Bailey discusses the scale and significance of changes to financial market activity in recent years, and what this means for financial stability, highlighting the need to adapt new tools and approaches for assessment, surveillance and intervention
Are we underestimating changes in financial markets? Read More »
Sasha Mills outlines how the Bank of England is using its new powers to achieve its priorities for Financial Market Infrastructure regulation in the coming year, including ensuring operational and financial resilience and embracing the opportunities of innovation
Financial Market Infrastructure regulation in a changing world Read More »
Climate policies could affect financial stability if they lead to large changes in asset returns. Matthias Kaldorf and Matthias Rottner study the financial stability and welfare effects of such ‘climate Minsky moments’ using a novel quantitative macroeconomic model
Climate Minsky moments: why they may matter less than expected Read More »
Europe faces a large climate investment gap. Irene Monasterolo, Antonia Pacelli, Marco Pagano and Carmine Russo propose filling this gap through the joint issuance of European climate bonds that would be funded by selling GHG emission allowances via the ETS extended to all sectors
Accelerating climate investment in the EU Read More »
