Having worked on its Digital Currency Management System since 2016, Bitt has launched the first synthetic central bank digital currency (CBDC) in Barbados, followed by another first in the Eastern Caribbean Currency Union (ECCU) in…
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Artificial intelligence systems should not be responsible for financial firms’ risk management nor autonomously supervise them, new research from the Bank of England argues. The BoE’s former chief economist, Andy Haldane, writing with Marcus Buckmann…
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The Federal Reserve has agreed to extend the dollar swap lines it re-established during the Covid-19 crisis to guard against further instability in 2021. The announcement came alongside the Fed’s latest monetary policy decision, where…
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The German government issued 30-year government bonds with a zero coupon for the first time ever on August 21. It offered €2 billion ($2.21 billion) maturing on August 15, 2050 at –0.12%. This largely reflected…
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The governing board of the Bank of Mexico approved measures to boost the transparency of its monetary policy deliberations on August 5. The central bank will start providing the votes of individual board members after…
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The board of the Central Bank of Chile approved a new transparency policy on June 2, based on the International Monetary Fund’s transparency code. The new code is part of the central bank’s ongoing strategy…
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Almost 500 firms regulated by the UK’s Financial Conduct Authority will need to explain whether their climate disclosures meet global best practice from 2022 onwards. In an effort to promote better climate-related financial disclosures, the…
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The Bank of England is making wide-ranging changes to the way its staff work, as the organisation looks to adapt to the post-pandemic world. “The challenge – though daunting – is to learn from the…
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Women are drastically underrepresented in economics. Today in the US, women account for only one-third of economics majors, one-third of first-year PhD in economics students and one-third of newly minted PhDs (Lundberg and Stearns 2019). As in…
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Ernest Addison: “CBDC presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector” The Bank of Ghana is partnering with Giesecke+Devrient (G+D) to pilot a retail central bank-issued digital currency in…
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