Is the Current Macroprudential Framework Fit for Climate Systemic Risk?
Pierre Monnin | 13 November 2022
Monetary,
Blog | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Macroprudential Policy,
Systemic Risks
Climate change and the transition to a low-carbon economy have a clear systemic dimension, and they potentially pose a systemic risk for the financial sector. This has been highlighted by several international and national financial authorities and urgently needs to be addressed.
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China’s Structural Monetary Policy Tools: Objectives, Limitations, Unintended Consequences
Sebastian Guo | 7 November 2022
Monetary,
Policy Briefs | Tags:
Central Banks,
China,
Targeted Refinancing Lines
Central bank interventions have intended and unintended structural effects. A growing number of monetary authorities are acknowledging these structural implications of monetary policy and have started addressing them more actively. In line with this development, the People’s Bank of China (PBC) has introduced a range
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Digital Industrialization: Building Internationally Competitive Digital Industries With Global Value Chain Connectivity
Hildegunn Kyvik Nordås,
Rupa Chanda,
Yose Rizal Damuri,
Jane Drake-Brockman,
Dionisius Narjoko,
Neha Mishra,
Matthew Stephenson and
Makoto Yokazawa | 14 October 2022
Trade,
Policy Briefs | Tags:
Digital Economy,
Trade Governance
Formulating domestic strategies to develop digital industries and increase participation in fast growing “tech trade” has emerged as a policy priority across the G20. This requires a balancing act between industrialization versus employment objectives, data protection and national security goals versus international competitiveness and openness.
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Tax Expenditures and Female Labour Force Participation
Agustin Redonda,
Jacob Bastian,
Amina Ebrahim,
Nora Lustig and
Miranda Stewart | 4 October 2022
Fiscal,
Policy Briefs | Tags:
Employment,
Fiscal Policy,
Tax Expenditures
The gender gap in labour force participation (LFP) has been a long-standing issue worldwide. On average, female LFP is currently 25 percentage points below men’s. The impact of the COVID19 pandemic has widened the gap since women have been hit harder by the crisis.. The
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A Silent Wave of Financial Stress Threatens Crisis in Emerging Markets
Avinash Persaud | 5 September 2022
Blog | Tags:
Debt,
Financial Markets
A silent wave of financial stress is running through world markets and will soon crash onshore. The yield on long-term sovereign debt is a measure of pressure. It is no surprise that you can’t easily find prices for Sri Lankan, Ukrainian, El Salvadoran, Venezuelan and
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