Analysing events such as the COVID pandemic that have created financial instability to banking and capital markets
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 »
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. Jon Danielsson argues that this can’t be regulated away
The one-in-a-thousand-day problem Read More »
Europe needs to refocus efforts on a capital markets union. Rather than the current piecemeal approach, Christine Lagarde argues that there are three key issues to tackle
Channelling savings into investment and innovation in Europe Read More »
The EU has large investment needs to meet its key priorities. Kalin Anev Janse and Roel Beetsma argue that a first step would be to use existing resources to finance European public goods that benefit all member states
Financing Europe’s future expenditures Read More »
Digitalisation has had and will continue to have a fundamental impact on the global economy. Cecilia Skingsley explains why central banks care about change and innovation and why that matters to us all
Change happens – and why central banks care Read More »
