Argentina. A Short Blanket for the Coronavirus Long Night
Agustin Redonda and
José Siaba Serrate | 3 April 2020
Blog,
Fiscal,
Monetary | Tags:
Central Banks,
Covid-19,
Fiscal Space,
Health,
Inflation,
Informality The coronavirus has arrived, and Argentina has played its cards. First life, then the economy.
While it is non-debatable that the consequences of the pandemic will be enormous throughout the world, the magnitude of the impact is still uncertain. Argentina is a special case on three
... continue reading
The ECB Response to COVID-19
Pierre Monnin | 27 March 2020
Blog,
Monetary | Tags:
Asset Purchases,
Covid-19,
European Central Bank,
Helicopter Money,
Targeted Refinancing Lines Since the outbreak of the COVID-19 crisis, the European Central Bank (ECB) committed to inject an additional 870 billion euro – about 7% of the euro area’s GDP – into financial markets to address the significant challenge the pandemic poses to the economy. Through its
... continue reading
Central Banks and Climate Change
Alexander Barkawi | 21 February 2020
Blog,
Monetary | Tags:
Central Banks,
Climate Change,
Credit Risk,
Governing Finance Central banks must supplement their risk processes to reflect climate risks. This is neither a conflict of objectives nor an overburdening of their mandate, but a fiduciary duty.
... continue reading
A European Anti–Money Laundering Supervisor: From Vision to Legislation
Nicolas Véron and
Joshua Kirschenbaum | 10 February 2020
Blog,
Monetary | Tags:
AML,
Financial Supervision,
Governing Finance The European Union is moving toward implementing a policy to strengthen anti–money laundering (AML) supervision across its Single Market, namely enforcing requirements on banks and other firms to ensure they do not facilitate transactions involving proceeds from illegal activities. The European Commission, in charge of
... continue reading
Should Monetary Policy Take Inequality and Climate Change into Account?
Patrick Honohan | 24 January 2020
Discussion Notes,
Monetary | Tags:
Climate Change,
Governing Finance,
Inequality Should central banks take more account of ethical issues, notably the impact of monetary policy actions on the distribution of income and wealth and on efforts to combat climate change, in the design and implementation of the wider monetary policy toolkit they have been using
... continue reading