Ladies and Gentlemen, I am grateful for the opportunity to address you today at this relevant conference on financial stability and macroprudential policy and particularly pleased for doing it at a place I consider my alma mater of central banking.
Concern over security around oil assets in Iraq has pushed crude prices higher as the country's government and Kurdish forces face ongoing tension. The price of Brent crude rose to $58.12 a barrel in trading Monday, while US West Texas Crude climbed to $52.16. Iraq is the second largest producer in...
The Bill & Melinda Gates Foundation has partnered with a consortium of tech firms including cryptocurrency developer Ripple to develop a new open-source software called Mojaloop. The software creates a real-time, interoperable payments platform on a national scale to reach the world’s poor with essential financial tools. The World Bank estimates it may...
Ladies and gentlemen, Today we can look back on nearly a decade of rule-making. Following the financial crisis of 2008, almost no stone was left unturned – at least in the field of banking regulation.
Ladies and Gentlemen, It is a great pleasure to be part of such a distinguished panel. In my remarks today, I would like to reflect on the euro area’s recent economic developments and prospects. In doing so, I will outline the role monetary policy has played - and will continue to play - in supporting…
Cryptocurrency solution provider Ripple is set to welcome leading figures from the world's of finance and technology to its Swell conference in Toronto next week where Ex-fed chairman Ben Bernanke and internet pioneer Sir Tim Berners-Lee headline. The international banking conference will take place in Toronto Oct. 16-18, alongisde rival SWIFT’s...
The call for greater proportionality in banking regulation and supervision is growing louder – not just in the United States and Europe, but also globally. To put it bluntly, proportionality involves applying a different set of rules to banks operating in the same market. Careful consideration must therefore be given to the various objectives pursued,…
SummaryFocusThis paper shows how interest rates affect house prices. We look at the effects of short-term and long-term interest rates, in the United States and 46 other advanced and emerging market economies, over the period from 1970 to 2015. We use ...
Intervention based on the Vice-President’s remarks at the Forum Villa d’Este, Cernobbio, on 1 September 2017 Slides from the presentation Media contacts
The euro area’s economic expansion, supported by the ECB’s monetary policy measures, continues to be firm and broad-based across countries and sectors. The economy has now expanded for 17 consecutive quarters, and at a faster than expected pace in the first half of this year. Over this period, employment in the euro area has increased…