Successful negotiation is about discussion aimed at reaching an agreement
Emina Milišić, Office of Chief Economist Central Bank of Bosnia and Herzegovina Interacting with International Financial Institutions is of great importance, especially for Central Banks, which often...
View ArticleCapital Markets, COVID-19 and Policy Measures
In addition to causing a global recession, the COVID-19 pandemic, spurred a dramatic response in capital markets (Alfaro et al., 2020; De Bock et al., 2020). As investors gauged the economic...
View ArticleHow does climate change impact the financial stability policy of the Central...
Nacef ABDENNADHER, Dr & Ramzi SALEM Banque Centrale de Tunisie Climate change is seen as a major long term shock affecting the world economy. Climate change is a multidimensional threat that...
View ArticleA fistful of dollars: Transmission of global funding shocks to emerging markets
By Aakriti Mathur (Bank of England) and Shekhar Hari Kumar (The Graduate Institute, Geneva) This post first appeared on Bank Underground. Emerging markets (EMs) have become more exposed to the global...
View ArticleNon-US global banks and dollar (co-)dependence how housing markets became...
Torsten Ehlers (Bank for international Settlements), Mathias Hoffmann (University of Zurich), Alexander Raabe (European Stability Mechanism) The views expressed here are those of the authors and do not...
View ArticleHandle with Care: Regulatory Easing in Times of Covid-19
The views expressed herein are those of the author and should not be attributed to the IMF, its Executive Board, or its management __________ What happens when countries rapidly loosen financial...
View ArticleEstimating real exchange rate misalignment
Estimating real exchange rate misalignment Why are REER misalignments important? The real effective exchange rate (REER from now on) misalignment is an indicator that should highly concern...
View ArticleA BVAR Model for Forecasting Ukrainian Inflation
In 2016 the National Bank of Ukraine (NBU) moved de facto to an inflation targeting regime. One of the required preconditions for successful implementation of an inflation targeting regime is the...
View ArticleEvaluating Growth-at-Risk as a tool for monitoring macro-financial risks in...
In the wake of the Global Financial Crisis (GFC) there has been an increasing interest in understanding the relation between financial conditions and real activity. For this reason, there has recently...
View ArticleShould central banks welcome digital currencies?
Rosmarie Schlup Head of Macroeconomic Support, Economic Cooperation and Development, SECO Cédric Tille Professor of Economics, Graduate Institute of International and Development Studies, Geneva, Head...
View ArticleRising Inflation in the Post-COVID 19 Era: The Role of Expectations
By Michael Weber Around the world, inflation is surging as the economic activities resume after the COVID-19-induced closures. Commentators and policy makers are deeply divided about the causes,...
View ArticleRole of the Media in the Inflation Expectation Formation Process
How are inflation expectations formed? Opening the black box Anchoring inflation expectations is a key challenge for central banks, especially in developing countries. The process of inflation...
View ArticleDigital currencies impact on domestic and international payments
Oleksii SHABAN – Deputy Governor, National Bank of Ukraine This blog entry was submitted on 21 February 2022. The National Bank of Ukraine (NBU) started looking into developing a CBDC (central bank...
View ArticleChallenges of conducting research at central banks
Marko Škreb Central banking consultant The workshop on strengthening research capacity at central banks was organized by the BCC and the Bank of Albania and took place on May 9-11, 2022 in Tirana. It...
View ArticleIs inflation back, and in which form?
By Federico Sturzenegger Universidad de San Andres, Harvard Kennedy School and HEC I want to start thanking Cedric Tille and the Geneva Graduate Institute for the invitation to address all of you this...
View ArticleManaging External Shocks in Commodity-Exporting Economies: Insights from...
Policymakers face substantial challenges in managing capital flows, while at the same time stabilizing economies. With these challenges in mind, the Integrated Policy Framework (IPF) has been developed...
View ArticleEffects of Banking Sector Cleanup on Lending Conditions in Ukraine
In 2014–2015, the Ukrainian banking sector experienced a deep financial crisis. To prevent the risks of a recurrence of such a large-scale distress, the National Bank of Ukraine changed its regulation...
View ArticleSparse warcasting
This article was first published in VoxEU, 7 August 2023 link: https://cepr.org/voxeu/columns/sparse-warcasting Sparse warcasting Forecasting economic activity during an invasion is a nontrivial...
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