With geopolitics the second biggest driver – after inflation – of central bank reserves managers’ operations, financial markets may be underestimating the dark cloud looming. Rather than financial distrust, we may increasingly need to brace for political distrust. The threat of ‘beggar-thy-neighbour’ policies – from the US and China to anti-Russia sanctions and reserves confiscation – may be rising and, without renewed policy stimulus, stagflation will deepen.
Blockchain could bring a revolution in public financial management By Mark MacDonaldBlockchain gives public finance managers the opportunity to vastly reduce the cost of spending public money, to improve control over that spend and to see, in close to real time, the outcomes it achieves.
MEETINGS Blockchain for public finance management Tuesday 27 September, Launch OMFIF, in collaboration with EY, launches a report studying the degree to which digital improvements to the management of public finances, perhaps employing blockchain, could improve operational efficiency, oversight and analysis of how best to deploy resources.
ON DEMAND Lessons learned from the first retail CBDC deployments Algorand, a blockchain company and central bank digital currency platform, joins Lewis McLellan, the Digital Monetary Institute’s editor, to discuss the latest trends in CBDC development and their 2022 report, ‘Issuing Central Bank Digital Currency on Algorand’.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
