Central banks need to change gear, Future of sustainable data, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
15-19 February 2021, Vol.12 Ed.7
Central banks need to change gear: It’s time for central banks to prepare financial markets to regain more influence over longer-term interest rates, braking the move toward fiscal dominance and alleviating the threat of another economic collapse. Major central banks should envisage shifting gear – sensitively and coordinated with overall economic developments – away from trying to hold down long-term bond yields and towards monetary normalisation for when the Covid-19 crisis is over, write Jacques de Larosière and David Marsh. Read more.
Europe faces its biggest question: This is a pivotal year for Europe. The pandemic’s economic impact will remain and we will find out how governments will pay for it. With the need to stimulate inflation, monetary policy has to remain accommodative. However, it is impossible to imagine that Europe will let go of its emphasis on fiscal discipline, writes Agnès Belaisch. Read more.
Future of sustainable data: OMFIF and the Future of Sustainable Data Alliance host an event to celebrate FoSDA’s first anniversary and to discuss how data can be leveraged to enable the achievement of the UN SDGs, Paris agreement goals and a sustainable post-Covid recovery. Themes centre around key focus areas and actions needed in the year ahead. Watch.
Charter cities and prospects for growth 16 February 2021: Charter cities can bring long-term economic growth through business and innovation enabled by well-functioning institutions. Mark Lutter, founder of the Charter Cities Institute, talks to OMFIF’s Kat Usita about the benefits that charter cities bring and successful examples of these. Listen.
Diem bridges banking and crypto worlds: Diem has been through several iterations since it was first announced in June 2019. Now those behind the project are revealing where they expect Diem to sit within financial markets. The plan is for it to act as a bridge between traditional banking and new, digital assets, writes Katie-Ann Wilson. Read more.