October 12, 2021
  • October 12, 2021

Central Banks

Central banks look to two-tier retail CBDC model amid disruption fears

by on September 23, 2021 0

Source: AdobeStock / pedrosala According to a recent report by an international risk assessment firm Moody’s. “Based on the existing and proposed pilot programs, the development of the CBDC is done in conjunction with the existing financial market infrastructure, the two-tier model,” the report said, adding: “Under this approach, banks and other financial intermediaries...

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Reclaiming central banks by Ann Pettifor

by on September 21, 2021 0

By serving private capital markets rather than citizens and taxpayers, central banks are a major obstacle to meaningful climate action. Half a century after US President Richard Nixon and his advisers reshaped the international monetary system, now we must transform it again. LONDON – Fifty years ago, a US president closed the gold window,...

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Should central banks take climate change into account when formulating monetary policy? Here’s what Kenneth Rogoff has to say

by on September 18, 2021 0

“Central banks must think about preserving financial stability, stability of inflation, they are not responsible for imposing a carbon tax,” said Kenneth Rogoff, professor of economics at Harvard University. An unusual question has been raised in the central bank’s public debates by an unusual person. Urjit Patel, former Governor of the Reserve Bank of...

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Crypto assets are absolutely not currencies, says European Central Bank President Christine Lagarde

by on September 17, 2021 0

European Central Bank (ECB) President Christine Lagarde draws a hard line between crypto assets and traditional currencies. In a new interview on David Rubenstein’s show, Lagarde explains why she thinks the word “cryptocurrency” is a misnomer. “Cryptos are not currencies – period. Cryptos are highly speculative assets that claim their fame as a currency,...

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How green is my central bank

by on September 16, 2021 0

Green bonds and other bonds, and fixed income assets offer an explicit and ex ante guarantee of carbon neutrality The subjectsBS Reviews | Central banks The Bank of Finland has announced that its investment portfolio will be carbon neutral by 2050. While reading, I found many Western central banks making similar announcements. Confusing. A...

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Mendota reporter | Hessenberger of the Central Bank graduated from the banking school

by on September 15, 2021 0

PERU – Rick R. Clary, President of Community Bank, announces the graduation of Linda Hessenberger from the Graduate School of Banking at Central Bank Illinois. Hessenberger of Mendota graduated Aug. 13 during the opening exercises at the 76th annual session of the prestigious Graduate School of Banking at the University of Wisconsin-Madison. Hessenberger also...

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