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Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized ...
If crypto assets indeed lead to a more prominent role for commodity money in the digital age, the demand for central bank money is likely to decline. But would this shift matter for monetary policy?
As digital infrastructure continues to evolve and policy regimes become more demarcated, CBDCs will graduate from pilot ...
A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to ...
The New York Fed and the Bank for International Settlements (BIS) are exploring smart contracts and digital tokens to ...
Central Bank Digital Currencies (CBDCs) have rapidly evolved from theoretical discussions into a tangible component of modern ...
The former IMF chief economist speaks about Trump’s chaotic economic policies, the erosion of Fed independence and dollar ...
Now that apps like Robinhood have made investing super easy, Millennials and Gen Z refuse to accept that private banks will hawk unlisted unic ...
This would make domestic monetary policy irrelevant. In addition to greatly affecting a central banks’ ability to stabilize prices, a scenario where financial institutions substitute the central bank ...
Poonam Gupta is assuming charge of Deputy Governor. She is given the key monetary policy department charge. On Friday, the Reserve Bank of India rejigged portfolios of its deputy governors ...
If no administrative restrictions are in place, the second motive prevails and, despite the deep recession, optimal monetary policy is in fact contractionary. Conversely, if sufficient containment ...
Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean ...