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Central bank digital currencies (CBDCs) are reshaping the financial landscape globally. Already implemented in ten countries, CBDCs offer digital payment solutions, particularly beneficial for regions with limited access to traditional banking systems that seek to promote financial inclusion....
Persistent link: https://www.econbiz.de/10014320376
This paper discusses how financial stability governance has evolved and how central banks and financial regulators are coping with the threats posed by climate uncertainty, providing an overview of G20 countries' green central banking experiences in the past 20 years. The analysis shows that...
Persistent link: https://www.econbiz.de/10013252684
After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
Persistent link: https://www.econbiz.de/10014289709
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In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
Persistent link: https://www.econbiz.de/10014422607
Climate change has become relevant for central banks worldwide, but they are adopting their instruments at different speeds. This article compares the reactions of the Eurosystem with those of the other EU central banks. Do these central banks differ in their efforts to make their own policies...
Persistent link: https://www.econbiz.de/10015046767
Collateral plays a central role in monetary policy. In recent years, its importance has increased as uncollateralised … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … creating a series of different measures to broaden collateral availability, including changing the eligibility rules (e …
Persistent link: https://www.econbiz.de/10010504556
Last weeks' dollar crisis which ended with the devaluation of the dollar emphasised once more the need for a reform of the international monetary system. It also brought to the open the necessity to reorganise the EEC monetary relations. The floating of pound and lira seems to support this case.
Persistent link: https://www.econbiz.de/10011557730