The 14th summit of Brics countries – Brazil, Russia, India, China and South Africa – has made clear that the possible creation of a common currency is still an illusion for now. A declaration released at the gathering in Johannesburg on 24 August made no mention of a common currency and instead focused on bilateral clearing – the second-best option.
As a small central bank outside the euro area experiencing losses, the Czech National Bank provides a useful case study for why these losses aren’t necessarily a cause for concern.
Greece is back but the recovery is not overBy Burhan KhadbaiGreece has returned to investment grade status with a western credit rating agency for the first time in 12 years. But the hard work must not stop here.
Daniel McDowell, associate professor of political science at Syracuse University, explores economic uncertainties in the US, including fiscal policy and geopolitical tensions with China.
Kenneth Hui, executive director, external at Hong Kong Monetary Authority, and Rosie Hampson, executive director, digital assets at Goldman Sachs, discuss the benefits that tokenisation offers for the green bond market.
This edition of the Bulletin sheds light on the challenges and opportunities presented by changing population dynamics. Some contributors note that shifting demographic patterns are cause for alarm, while for others, the message is not all doom and gloom.
