This story sounds disturbingly like the shift to a high-inflation regime that we analysed in our Annual Economic Report last year. As you may recall, in such a regime, inflation becomes a more salient factor in household and business decision-making, and transitions across regimes become self-r...
According to the Bank for International Settlements (BIS)Annual Economic Report 2021: “The most promising way of providing central bank money in the digital age is an account-based CBDC built on digital ID with official sector involvement.” ...
Speech by Agustín Carstens,General Manager, Bank for International SettlementsOn the occasion of the Bank’s Annual General Meeting in Basel on 26 June 2022 Ladies and gentlemen Welcome to the presentation of our 92nd BIS Annual Economic Report....
Other central banks are exploring retail CBDCs and this is the focus of the conference today. A retail CBDC has a lot of potential to respond to the public's evolving needs. It could exist alongside cash, offering the public a digital...
Economic forecasts are often wrong. But the forecast misses in 2021 were unusually large. Indeed, in many countries they went beyond what many regarded as plausible. We were no exception. In our Annual Economic Report last year, we laid out a “high inflation” scenario, based on a standard...
正如GFC所显示的,鉴于美元在国际银行体系中的主导地位,美元融资在压力时刻很容易承压。这就需要适当的支持机制。 (完) 来源:I. No clear skies yet,BIS Annual Economic Report 2019, 30 June 2019 本文首发于智堡公众号:zhi666bao。 免责声明:本文内容仅代表原作者观点,不代表智堡的立场和观点。...
来源:III. Big tech in finance: opportunities and risks, BIS Annual Economic Report 2019, Jun. 23rd 2019 本文首发于智堡公众号:zhi666bao。 免责声明:本文内容仅代表原作者观点,不代表智堡的立场和观点。
来源:I. No clear skies yet,BIS Annual Economic Report 2019, 30 June 2019 本文由智堡编译,对原文有所删节和概述;支持智堡请点击下方阅读原文下载智堡APP并订阅我们的黑金会员 往期精选 认知的鸿沟 错误的印象是如何分裂美国的 关于美国财富的六大事实 ...
BIS (2022): Inflation: a look under the hood. Chapter II Annual Report www.bis.org ECB (2022): Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament, June www.ecb.int ...
with central banks providing the foundational layer and private entities providing the customer-facing services. A "unified ledger", as proposed in our recent Annual Economic Report, would help to seamlessly integrate the various layers of the digital monetary system. In time, it could even be ext...