🎙General Manager Pablo Hernández de Cos on the Annual Economic Report: AI's risks, leveraged hedge funds in sovereigns, the fiscal-financial stability nexus and policy priorities. Watch the full video: bit.ly/4f3Kkar#BISAnnualEconReport
Live soon: Join Gaston Gelos for a @IMFS_Frankfurt webinar on our Annual Economic Report that covers a new fiscal–financial stability nexus, inflation risks, AI boom risks, high public debt, and digital innovation.
Sign up: bit.ly/4fkG5sq
In January 2023, Colombia introduced new banking rules to reduce risks in long-term loans. A new working paper finds improved financial stability with limited impact on new loans, though smaller banks tightened credit bit.ly/3RphzNJ#Banking#FinancialStability
New BISness #podcast episode: Gaston Gelos and Frank Smets on stablecoins, tokenisation and safeguarding trust in money in the future monetary system 🎙 apple.co/4oNrU25#BISAnnualEconReport
New BIS research finds that an increase in fiscal risk leads to tighter financial conditions, higher inflation and weaker output. These effects are amplified when monetary policy remains accommodative. #FiscalPolicy#MonetaryPolicybit.ly/4eXDuDr
How is the global economy faring as progress meets rising peril? How is digital innovation transforming finance, creating opportunities and posing challenges?
Join Gaston Gelos for a @IMFS_Frankfurt webinar on our Annual Economic Report.
Sign up: bit.ly/4fkG5sq
New BISness #podcast episode: Gaston Gelos and Frank Smets on stablecoins, tokenisation and safeguarding trust in money in the future monetary system 🎙 bit.ly/4eJBoXR#BISAnnualEconReport
As fragmentation in permissionless blockchains persists, policy should prioritise cyber resilience, regulatory perimeters and interoperable standards to support market functioning.
bit.ly/4aG907M#BISBulletin#Tokenomics#Fragmentation
🎙General Manager Pablo Hernández de Cos on the Annual Economic Report: AI’s risks, leveraged hedge funds in sovereigns, the fiscal-financial stability nexus and policy priorities. Listen to the full podcast: [link] #BISAnnualEconReportbit.ly/3FteNhg
The macroeconomic effects of stablecoins operate through bank lending and fiscal space channels. The relative strength of these channels depends on the regulatory framework and other structural economic factors. bit.ly/44CACXN
Consensus mechanism trade-offs in permissionless blockchains have led to multiple layer 1s and 2s, fragmented infrastructures and liquidity. Mitigation tools reduce frictions but introduce trust and governance dependencies.
bit.ly/4aG907M#BISBulletin#Tokenomics