Risks to monetary stability mount in central and eastern Europe
Monday 21 February 2022 – Vol.13 Ed.8.1
Commentary: Central bankers underestimating threat of war
By Miroslav Singer in Prague
As the diplomatic world ponders how best to prevent conflict between Russia and Ukraine, central bankers seem oblivious to the potential threat. Even Balkan and central and eastern European central banks merely list it as one of many forecast risks. Any war between Russia and Ukraine will rock the exchange rates of neighbouring countries, weakening currencies across the region. Central banks would be faced with a textbook case of necessary intervention.
Read the full commentary on the website.
Video: Reflections on the Fed and risks to financial stability
Randal Quarles, former member of the board of governors of the Federal Reserve System, joins Mark Sobel, US chair, OMFIF, for a broad discussion on the outlook of the Federal Reserve. Their discussion takes in everything from the economic outlook and financial stability to Randal’s reflections on his time at the Fed and as chair of the Financial Stability Board.
Watch the video on the website.
