The central banks of the world’s major economies responded relatively quickly to the economic and financial threats caused by the pandemic by using several measures. The goal was to ensure the availability of preferential loan...
March and April 2020 will go in history as months with historically weak economic indicators. The representatives of the Fed and the ECB believe that the worst is behind us, but they are concerned that we may not return to the...
The program of asset purchases by Poland’s central bank is generating some controversy. However, many of these concerns seem to be unwarranted, especially in light of the experience of other countries, which have used similar...
The crisis caused by the pandemic and the necessity of introducing a lockdown, have mobilized governments to launch anti-crisis packages. Regardless of the differences between the individual economies, they all share a similar...
We should not compare today’s crisis to the previous one, says Paul Tucker, former Deputy Governor of Bank of England. And what central banks are doing is, according to him, not business as usual but they have a reason: a...
The global financial crisis was the catalyst for regulatory change in several areas of financial system. One of the reforms was to introduce macroprudential policy as necessarily complementing the existing microprudential...
The main challenge for central banks and supervisory institutions, not only in the European Union but also in the world is to create, in the nearest future, appropriate regulations concerning digital currencies, such as Libra.
Central banks may use conventional or unconventional forms of monetary policy. Whichever is chosen by the European Central Bank (ECB) it influences all Central and Southeast European (CSE) countries.
Central banks are getting increasingly serious about the idea of currency digitalization. Yet, this innovation might complicate their monetary policies to a significant extent.
“If we were to only take into account the wishes of selected members of the Eurozone, we could act faster, but that is impossible,” says Ewald Nowotny, the Governor of the Austria’s central bank, OeNB.