Since the Bank of England achieved operational independence in 1997, it has been solely responsible for controlling inflation. But the post-1997 arrangements make effective coordination of fiscal and monetary policy virtually impossible. This is particularly the case in circumstances where both fiscal and monetary adjustments are needed.
This discussion brings together funding heads from Hungary’s sovereign bond issuance programme and from experienced borrowers in the global debt capital markets.
OMFIF’s Digital Monetary Institute, in partnership with Visa, convened a high-level panel discussion to explore the path to improvements in wholesale payments and the complementary roles of the public and private sectors.
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.
