“In good economic times, all market participants become too complacent. But the complacency and insufficient knowledge that are the causes of crises,” said Prof. Daniel Sichel, a former Fed employee.
Central banks and the regulators are increasingly recognizing the potential financial effects of climate change and are engaging in researches into their impact on financial stability.
The EUR is an unfinished project and it’s possible that the Eurozone cannot function on a permanent basis at all, warns Thomas Mayer, the former chief economist at Deutsche Bank.
The European Commission proposes that a portion of the central banks' profits from the Eurozone should be transferred to the European Union’s budget as a form of national contribution.
Artificial intelligence (AI) and machine learning will help to predict the economic indicators that are the foundation for the conduct of monetary policy, but robots will not replace central bankers.
Along with the development of the cryptocurrency market there is a growing interest in this area among legislators and regulators, but the adopted approach varies between individual countries.
Is monetary policy, even extremely unconventional, still capable of fixing anything in the economy?