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BIS69
Quantum computing and the financial system: opportunities and risks
Quantum computers may have a profound impact on the financial system. Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi,...
Cipollone69
Towards a digital capital markets union
Piero Cipollone argues that recent advancements in digital technology offer an opportunity to create an integrated European capital market for digital...
deGuindos69
Bridging the gap: reviving the euro area’s productivity growth
Innovation, investment and integration. Luis de Guindos discusses the revival of productivity growth in the euro area – a critical challenge that demands...
AST69new
Measuring economic losses caused by climate change
Extreme weather events are bringing devastating consequences for an increasing number of people. Senne Aerts, Livio Stracca and Agnieszka Trzcinska highlight...
Caffarra69
Draghi’s real message on European competition enforcement
The Draghi report on The Future of European Competitiveness is a milestone. Cristina Caffarra argues that not delivering on innovation and growth is the...
Vermaas68
A capital markets solution for private companies
Cees Vermaas explains how public markets are underserving many companies, and how the growing private company economy needs an efficient and cost-effective...
Minford68
Out of the frying pan into the fire
Patrick Minford argues that the Labour government’s obsession with absurd fiscal rules and muddles over monetary policy will skewer the new Labour government’s...
Georgieva68
A low-growth world is an unequal, unstable world
Long periods of slow economic growth can cause a jump in inequality. Kristalina Georgieva argues that a balanced set of policies can stave off that ou...
CN68
Finternet: the financial system for the future
Agustín Carstens and Nandan Nilekani lay out a vision for the Finternet, a user-centric, unified and universal financial ecosystem that is inclusive, innovative,...
Danielsson67
Why so many crises happen when we know why they happen and how to prevent them
Jon Danielsson argues that failures in regulation is a key reason for financial crises, and proposes that the financial authorities instead adopt diversification...
Frankel
Elections and fiscal and monetary expansion
An unprecedented number of voters will go to the polls globally in 2024. Jeffrey Frankel discusses incumbent’s efforts to buoy the economy and the post-election...
Elderson67
“Know thyself” – avoiding policy mistakes in light of the prevailing climate science
Failure to meet the Paris climate goals poses economic challenges that have an impact on central banks’ work, argues Frank Elderson. To avoid long-term...
CL67
Not a ‘side dish’: new industrial policy and competition
Industrial policy is undergoing a major resurgence. Cristina Caffarra and Nathaniel Lane argue that getting Europe to improve performance will require...
Minford66
The role of fiscal policy - what recent research shows
The global economy has seen a major financial crisis and a worldwide pandemic. Patrick Minford reviews the attempts to model these events and suggests...
Maes66
A tale of two treatises: the birth of the euro
In the process towards European economic and monetary union, two reports played crucial roles. Ivo Maes focuses on the Werner and Delors Reports, capturing...
Daianu66
Can AI change economic logic and bring abundance for all?
Daniel Daianu asks if AI can address imbalances between needs and resources sustainably by bringing about abundance for all?
Euro2566
Euro at 25: the value of unity in a changing world
Paschal Donohoe, Christine Lagarde, Roberta Metsola, Charles Michel and Ursula von der Leyen look back at the success of the euro and assert that the world...
AJ66
The drive toward automation is perilous
There is a lot of optimism about AI and increased productivity. Daron Acemoğlu and Simon Johnson warn that to support shared prosperity, AI must complement...
PKW65
What is a just transition and how does it affect the financial sector?
The move to a net zero future entails profound changes for societies and economies. Ivana Popovic, Alexandre Köberle and Michael Wilkins discuss a just...
Cunliffe65NEW
Money and payments: a ‘black ships’ moment?
Jon Cunliffe recalls Facebook’s announcement in 2019 that it was launching a digital currency, and discusses the three areas where this galvanised more...
Buti65
The European Union at the time of the New Cold War: A Manifesto
Ahead of next June’s European Parliament elections Marco Buti et al set out key elements that could form the basis for a new political contract capable...
Mar64NEW
Digital trade is good for growth: can it also solve our ESG challenges?
Digital trade is good for growth. Pamela Mar argues that digitalising trade could enable SMEs to a be future ready, environmentally, and socially conscious...
DanielssonJ64
When artificial intelligence becomes a central banker
There are efficiency and cost benefits in using AI. Jon Danielsson discusses what tasks can safely be outsourced to AI and what needs to stay in the hands...
Saint-Amans64
Tax for climate finance should start with shipping
Pascal Saint-Amans argues that emissions from international shipping are the most realistic target for taxes to pay for climate spending in developing...
DM64
The value added of CBDCs: a view from the euro area
Maria Demertzis and Catarina Martins argue that the ECB is uniquely positioned to help create the global standard, and in the process to help protect the...
GO-I63
World trade can still drive prosperity and stability
New protectionist policies threaten the global economy. Kristalina Georgieva and Ngozi Okonjo-Iweala argue that thriving international trade goes hand...
AHP63
When will they ever learn? The US banking crisis of 2023
Anat Admati, Martin Hellwig and Richard Portes argue that US authorities should acknowledge the evident banking crisis and suggests reforms to address...
Eichengreen63
Is de-dollarisation real and happening?
Barry Eichengreen argues that reports of the US dollar’s demise as the dominant global currency have been greatly exaggerated
Minford63
Britain’s road to Brexit: evaluating the progress
Patrick Minford evaluates the progress being made on the Brexit agenda, focussing on trade, regulation and the EU border
SST62
The cooperation imperative: fixing our international economic organizations
The world’s international economic institutions have helped reduce conflict and support growth. Tim Sargent, Paul Samson and Hector Torres discuss why...
PanettaLBS61
Crypto dominoes: the destiny of digital finance
Cryptoassets promise radical change in how people pay, save and invest. Fabio Panetta considers the bursting crypto bubbles and the destiny of digital...
CunliffeJon61NEW
Reflections on DeFi, digital currencies and regulation
Jon Cunliffe reflects on recent crypto market developments, and discusses the work that authorities are doing on the regulation of crypto stablecoins and...
GLN60
Achieving net zero emissions
High-quality, reliable, and comparable gauges are lacking. Charlotte Gardes-Landolfini and Fabio Natalucci on how to close the data deficit
ACJ60
Beyond Gross Domestic Product
Paul Allin, Diane Coyle and Tim Jackson argue that changing how we measure progress is key to tackling a world in crisis
Bright59
Meeting the challenges of global trade
Graham Bright discusses technologies that can reduce friction in international trade
BIS59
DLT-based enhancement of crossborder payment efficiency
Dirk Zetzsche, Linn Anker-Sørensen, Maria Lucia Passador and Andreas Wehrli provide an initial analysis of the legal challenges related to DLT-based payment...
Panetta59
For a few cryptos more: the Wild West of crypto finance
Fabio Panetta argues that bringing cryptoassets safely into the regulatory perimeter would promote innovation, whilst avoiding a new bubble
Carstens60
A story of tailwinds and headwinds
Aggregate supply tailwinds are turning into headwinds, raising inflationary pressures and calling for a policy reset, argues Agustín Carstens
Daianu60
Is the dismal science back?
Daniel Dăianu looks at the role of economics in society and says miracles are not possible, and economics cannot be seen as alchemy
Schnabel60
Monetary policy and the Great Volatility
The Great Moderation was a period of prosperity. Isabel Schnabel argues that it is up to central banks whether today’s challenges will lead to the Great...
Woods59
Climate capital and the transition to net zero
The BoE recently tested the UK’s largest banks and insurers on how prepared they are for financial risks caused by climate change. Sam Woods reviews the...
Bright58
Hope for the best, plan for the worst
Graham Bright considers the global trade landscape post pandemic, and with current tensions says we should hope for the best outcome and plan for the...
Carstens58
Digital currencies and the soul of money
Agustín Carstens takes inspiration from Germany’s literary giant Goethe to reflect on the soul of money in the digital era
LC58
Stablecoins: growth potential and impact on banking
Gordon Liao and John Caramichael the huge growth of stablecoins and consider the broad impacts on the financial system
Bright57
Adapting to change and consensus
COP26 has shown that consensus is not just confined to politics. Graham Bright considers the finance sector’s role in promoting collaborative trade
Cunliffe57
Is ‘crypto’ a financial stability risk?
Jon Cunliffe looks at the impact of ‘crypto’ on the stability of the UK’s financial system and asks whether the world of ‘crypto finance’ poses risks to...
IMF56
The impact of fintech on central bank governance
Marianne Bechara, Wouter Bossu, Yan Liu, and Arthur Rossi consider the key legal issues central banks face on their governance
Minford56
Free trade benefits of Brexit
Many economists have claimed that Brexit would damage the UK economy. Patrick Minford argues that Brexit benefits to the UK have been widely underesti...
Quarles56
Parachute pants and central bank money
There is a global rush to roll out CBDCs. Randal Quarles suggests this is akin to the 1980s parachute pants fad and the fear of missing out
CEPR55
Pricing of carbon within and at the border of Europe
The EU has announced reaching carbon neutrality by 2050 as the key target of its Green Deal strategy. Christoph Schmidt et al. argue that the EU should...
TA54
Bretton Woods: time to reset?
Giovanni Tria and Angelo Federico Arcelli ask is a renewed Bretton Woods agreement a concrete option to favour a new economic expansion phase in the post-pandemic...
Minford54
What the British government needs to do to get Brexit done post-COVID
The COVID debt is immense. Patrick Minford considers the options available to the UK government to ensure a successful Brexit
Carstens54
Digital currencies and the future of the monetary system
Does the economy need digital currencies? Agustín Carstens asks who should issue them, how should they be designed and what are the implications for the...
LP52
The challenge of climate finance
Alexander Lehman and Mark Plant discuss low-carbon transition challenges and consider the EU agenda for coordinating with emerging markets
FP52
Financing the EU: new context, new responses
Clemens Fuest and Jean Pisani-Ferry consider the EU budget, which has to be reassessed in light of the Next Generation EU programme
Breeden57
Putting climate scenarios into action
Sarah Breeden shares lessons we have learned from designing and applying climate scenarios, as well as some thoughts on their future, including the vital...
Coeure57
Finance disrupted by innovation
New technologies are disrupting every corner of the financial sector. Benoît Cœuré focuses on the role that central banks are playing in ensuring that...
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