Lagarde’s communications challenge, Libra co-creator on digital currency’s objectives
Wednesday 23 October 2019 – Vol.110 Ed.43.2
Commentary: Lagarde’s communications challenge
By David Marsh in London
Christine Lagarde is under pressure to revamp the ECB’s communications policies after she takes over from Mario Draghi. The expected move will be partly a reaction to unrest over communication of the bank’s 12 September monetary easing measures, opposed by some members of the ECB’s 25-person council. Behind the feuding lies a deeper conundrum over whether the ECB is following the right policy aims, and deploying the most appropriate instruments, in its objective to keep inflation at ‘below but close to 2% over the medium term’.
Read the full commentary on the website.
Podcast: Libra and its potential role in the global monetary system
Facebook’s plans for a global cryptocurrency have caused a stir among regulators and finance ministries. Christian Catalini, co-creator of Libra and head economist at Calibra, and Teunis Brosens, lead economist for digital finance and regulation at ING, join OMFIF’s Bhavin Patel to explore Libra’s position in the global monetary system. They discuss how it differs from other currencies and payment systems, how the reserve works, its impact on emerging markets and the risks to monetary sovereignty.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.