Read what central bankers believe on the global economy, climate change, fintech, economics, and CBDCs and digital money
Andrew Bailey argues that independent central banks rely on more than technical expertise: they have a long tradition of accountability. Central bankers must explain their decisions or risk appearing to be an unrepresentative elite’, especially amid the challenge of populism
The institutional form of independent central banks Read More »
The ECB wants central bank money to serve as the monetary anchor for tokenised markets. Piero Cipollone calls for common standards, central bank money and coordinated regulation to prevent blockchain-based finance from becoming a collection of disconnected platforms
From vision to delivery: building Europe’s tokenised financial market Read More »
Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis. Paola Ganum and Tohid Atashbar show that today’s LLMs perform well on structured, factual tasks but remain less reliable on nuanced rating questions, where human judgement still matters
Macrofinance meets AI: evaluating alignment between LLMs and economists Read More »
AI has the potential to transform lives and the US economy. Michael Barr warns that artificial intelligence could dramatically narrow or widen economic inequality in the US, depending on the policy choices society makes in the coming years
Artificial intelligence and financial inclusion Read More »
The financial system is constantly evolving, and the regulatory and supervisory framework must keep pace. Michelle Bowman discusses the work of the US and urges global financial watchdogs to be flexible
Modernizing financial regulation Read More »
Digitalisation is reshaping how financial markets operate, says Christine Lagarde. For Europe, this is above all an opportunity to deepen integration, strengthen autonomy and anchor innovation in trusted public money across markets and payments
Money in transition: digitalisation and innovation in payments Read More »
Europe faces unprecedented geopolitical and economic challenges, including high dependencies on external providers for energy, technology, security, and financial infrastructure. Frank Elderson argues reducing these dependencies is essential for safeguarding the European way of life
Strengthening operational resilience for the age of AI Read More »
Money rests on a promise: that its value will be preserved over time. This promise is upheld by the trust that citizens place in the institutions responsible for safeguarding it, says Christine Lagarde. Preserving that trust is the mission that unites central banks
Upholding independence in challenging times Read More »
As technology evolves, Sarah Breeden sets out the Bank of England’s vision for UK finance: a robust, multi-money retail payments system that promotes greater competition and innovation, and a multi-asset, multi-currency approach to tokenising the markets of the UK’s global financial centre
Modernising money and markets Read More »
Sam Woods reflects on the nature of banking supervision. Taking stock of how supervision has evolved in the UK and internationally, he considers what the role of a supervisor is and how it might evolve in future
The development of clinical supervision Read More »
