New technologies are transforming the entire economy, our daily lives and also the way we pay. Digitalisation is a strong driver of innovation in retail payments and can help to deliver customer-friendly solutions. In a parallel development, people now tend to expect that services – and payments – should be delivered instantly. At the ECB,…
Why did the European Central Bank both warn against increased risks for the eurozone economy and choose to do nothing at its last meeting? At this stage, we don’t think that we have enough elements to conclude that we’re facing a lasting and serious slowdown of the eurozone economy. That said, we have a duty…
This paper presents a first analysis of the experience to date with the global systemically important bank (G-SIB) framework, the methodology for assessing the systemic importance of G-SIBs. Several issues are examined. First, we investigate whether G-...
The Securities and Exchange Commission today announced that Elizabeth McFadden has been named Deputy General Counsel for General Law and Management of the agency. The Deputy General Counsel for General Law and Management provides daily oversight into ...
The Securities and Exchange Commission today announced that Elizabeth McFadden has been named Deputy General Counsel for General Law and Management of the agency. The Deputy General Counsel for General Law and Management provides daily oversight into ...
John von Neumann, the Hungarian-born mathematician, once said: “there’s no sense in being precise when you don’t even know what you’re talking about”. I saw Alexandre Lamfalussy in many different roles over the course of 30 years, and I always admired his capacity to be extremely precise because he was professionally knowledgeable.
John von Neumann, the Hungarian-born mathematician, once said: “there’s no sense in being precise when you don’t even know what you’re talking about”. I saw Alexandre Lamfalussy in many different roles over the course of 30 years, and I always admired his capacity to be extremely precise because he was professionally knowledgeable.
Edward Nelson | Although he was based in the United States, leading monetarist Karl Brunner participated in debates in the United Kingdom on monetary analysis and policy from the 1960s to the 1980s. During the 1960s, his participation in the debates wa...
Edward Nelson | Although he was based in the United States, leading monetarist Karl Brunner participated in debates in the United Kingdom on monetary analysis and policy from the 1960s to the 1980s. During the 1960s, his participation in the debates wa...
Hess Chung, Etienne Gagnon, Taisuke Nakata, Matthias Paustian, Bernd Schlusche, James Trevino, Diego Vilán, and Wei Zheng | We simulate the FRB/US model and a number of statistical models to quantify some of the risks stemming from the effective...