Much of the debate on UK economic policy has focused on rising inflation and the Bank of England’s slow response to it. But the greater problems for this Parliament and the next will be the size of the fiscal deficit and the huge volume of gilt sales that will be necessary to fund it.
Import substitution will harm fiscal policy and economic growth By Talal Rafi There is mounting evidence that import substitution curtails economic growth in the long term and holds back progress. Import substitution is an economic policy that advocates replacing imports with local products.
Central banks around the world are gradually shifting away from the dollar. OMFIF’s Global Public Investor 2023 report finds important regional divergences in this trend.
Knut Sandal, director, payments analysis and innovation, and Peder Østbye, director of analysis at Norges Bank, discuss the settlement role of central banks should stablecoins gain traction.
Editor of the Digital Monetary Institute, Lewis McLellan, is joined by Douglas Elliott, partner at Oliver Wyman, and Larissa de Lima, senior fellow at the Oliver Wyman Forum, to discuss their views on the evolving paradigm for the future of money.
The role of reserve managers has never been so challenging. The 10th edition of the report explores the pressing considerations and intentions of reserve managers with analysis split across six chapters.