Cryptocurrencies are here to stay but are unlikely to be considered a credible alternative to money anytime soon.
The nature of money is under scrutiny as central banks begin pondering issuing digital currencies
Electronic cash might be the future, but it is still unclear what payment innovation it offers for the public, certainly in the euro area. And it is unlikely to fully replace the comfort the consumer feels in having money under the mattress.
China is moving towards a digital currency but there is a long way to go.
Disclosures and financial regulation don’t get enough respect as tools to reduce emissions.
Ever since the 2008 financial crisis, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. Nonetheless, many secretly dreamed of returning to the good old days of cautious conservatism (with financial stability taken seriously).
Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.
How would a digital Euro impact the financial system?
For all Beijing's ambitions of cracking the hegemony of the US dollar in the face of Trump administration sanctions, the yuan still has a long way to go.
COVID-19 is by far the biggest challenge policymakers in emerging economies have had to deal with in recent history. Beyond the potentially large negative impact on these countries’ fiscal accounts, and the related solvency issues, worsening conditions for these countries’ external funding are a major challenge.
Bruegel is delighted to welcome the governor of the Central Bank of Ireland, Gabriel Makhlouf. He will deliver a keynote address about how adequate the European toolbox is to tackle financial stability risks in a low rate environment. Following his speech, a panel of experts will further discuss the topic.
The Libra Association claims it will be analogous to a currency board regime, but they have overlooked the problems of monetary management that come with it