CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world6-10 December 2021, Vol.12 Ed.49
Most-Read Commentary
CBDC debate in Europe foundering on endemic complexity:
European policy-makers have more clarity on the need for retail central bank digital currency than wholesale, but remain cautious about moving too quickly on either. Discussions on CBDC for consumers have centred around the important role of public policy in offering central bank money in retail form, with discussions on wholesale becoming about a wider exploration of innovation in technology, write Katie-Ann Wilson and John Orchard.
Commentary ECB should follow Fed and tighten policy: Decision-makers and commentators who claim that the spike in inflation is transitory are making a mistake. Instead, it would be better to tell financial markets and the public that the rekindling of inflation is a serious matter that central banks will tackle in line with their mandates, write Jacques de Larosière and David Marsh. Read more.
Launch Future of cross-border payments: For the launch of OMFIF’s ‘Future of cross-border payments’ report, the DMI convenes a panel to explore the potential role of digital currencies in cross-border payments, the future role of traditional payments providers and networks, upgrading wholesale payments and remittances, as well as next steps for global coordination. Register.
Video GPP 2021 launch: Navigating uncertainty: Public pensions are at the heart of global changes relating to sustainability, geopolitics and international finance. Covid-19 and an uncertain economic outlook have further complicated these unfolding challenges. OMFIF’s Global Public Pensions 2021 report examines the public pensions sector through these lenses. Watch.
Commentary US Treasury’s FX report gets it right: The US Treasury’s latest foreign exchange report garnered little attention. But it is replete with sound technical analysis. With a relatively dry assessment of China and a continued heavy focus on Vietnam, Taiwan and Switzerland, the latest FXR won’t grab many headlines, but it’s still a decent read, writes Mark Sobel. Read more.
