The 14th BIS Annual Conference took place in Lucerne, Switzerland, on 26 June 2015. The event brought together a distinguished group of central bank Governors, leading academics and former public officials to exchange views on the topic "Towards 'a new normal' in financial markets?". The papers...

The only central bank money individuals and businesses have today is cash. Everything else they use as money is commercial bank promises. Central bank digital currencies (CBDC) will likely change all this by putting central bank money into everyone’s hands. China is a front runner in this...

1. Introduction -- 2. The Rise of Homo Sapiens -- 3. Theories of Cognitive Development -- 4. Climate Change -- 5. Migration -- 6. Artificial Intelligence -- 7. Quantum Computing and Nuclear Fusion -- 8. Biotechnology -- 9. Crytocurrunices -- 10. Conclusion.