Financial Stability and Inequality: A Challenge for Macroprudential Regulation
Pierre Monnin | 5 June 2018
Blog,
Monetary | Tags:
Central Banks,
Financial Regulation,
Financial Stability,
Inequality,
Macroprudential Regulation The global financial crisis shed new light on the role that central banks play for financial stability. In response to the financial turmoil, central banks took radical action to stabilize the financial system, by providing liquidity to banks and buying up financial assets. Following these
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Scaling up Green Finance: The Role of Central Banks
Upcoming: 8 – 9 November, 2018. Co-organized with the Central Banks and Supervisors Network for Greening the Financial System Monetary,
Workshops | Tags:
Central Banks,
Climate Change,
Green Finance The transition to a low-carbon economy requires shifting trillions from brown to green activities. Several reports estimate that more than USD 90 trillion will be needed to adapt our infrastructure in a way that is consistent with the 2°C scenario. Given that the horizon of
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Central Banks and the Transition to a Low-Carbon Economy
Pierre Monnin | 22 March 2018
Discussion Notes,
Monetary | Tags:
Central Banks,
Environment,
Macroprudential Regulation,
Quantitative Easing Climate change is a fundamental challenge for our societies. Containing it will require a profound and radical transformation of our economic system, including a substantial reorientation of investments toward low-carbon technologies. The question to what extent central banks can and should contribute to this effort
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Inequality Should Matter for Central Banks
Liviu Voinea and
Pierre Monnin | 16 February 2017
Blog,
Monetary | Tags:
Central Banks,
Inequality,
Quantitative Easing Central bankers have long been discreet about the links between monetary policy and inequality. They justify this reserve by the fact that their mandates do not charge them with addressing inequality and they generally argue that by providing price stability, central banks maintain the existing
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Central Banking and Inequality – Taking Off the Blinders
Peter Dietsch,
Clément Fontan and
François Claveau | 16 June 2016
Blog,
Monetary | Tags:
Central Banks,
Ethics,
Inequality Since the financial crisis, the relative importance of monetary policy in the toolbox of macroeconomic policies has increased. In parallel, we have seen a renewed social and political concern with rising inequalities in income and wealth. However, the two trends are rarely connected.[1] Despite studies
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