Program: Monetary

Central Banks and Policy Coherence

23 November | Online
Monetary, Roundtables | Tags: Central Banks, Financial Governance, Financial Regulation, Monetary Policy
Modern central banks play an outsized role in our economic development through their central role in both monetary policy and financial regulation. Many are now arguing that central banks should discharge their role in line with public policy on issues such as climate change, greening the ... continue reading

Bridging the Disconnects – From Diagnosis to Action in Addressing Climate-Related Financial Risks

| 29 October 2021
Blog, Monetary | Tags: Central Banks, Climate Risk, Financial Regulation, Macroprudential Regulation
When the Financial Stability Oversight Council (FSOC) published its Report on Climate-Related Financial Risk last week, it triggered a wide range of reactions. Some praised it as a critical step in moving climate risks up the agenda amongst FSOC members such as the US Treasury, ... continue reading

Aligning Central Bank Refinancing Operations with the G20 Agenda

and | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading

ECB and Climate Change: The Direction is Clear – But Ambition and Speed are Lacking

| 7 June 2021
Blog, Monetary | Tags: Central Banks, Monetary Policy Operations, Sustainability
All public institutions urgently need to address the colossal challenges posed by climate change. Central banks are no exception, and their representatives are well aware of this. Jens Weidmann, President of the Deutsche Bundesbank, for example, is convinced "that we can all do more to mitigate ... continue reading

Systemic Risk Buffers – The Missing Piece in the Prudential Response to Climate Risks

| 1 June 2021
Monetary, Policy Briefs | Tags: Climate Risk, European Systemic Risk Board, Macroprudential Regulation, Systemic Risks
Climate-related financial risks can potentially destabilize the financial sector. This fact is acknowledged by the major international financial bodies – the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the International Monetary Fund (IMF) – as well as by the Central Banks and ... continue reading