Italy has a new governor at the helm of its central bank. The Banca d’Italia has lost most of its powers to the European Central Bank in the last quarter-century. But as the country’s most respected economic technocracy, its persuasion and guidance can still play a key role at a juncture that may evolve into one of the most critical and dangerous in the nation’s recent history.
Zimbabwe has turned to the gold standard to buttress the Zimbabwean dollar, first issuing gold coins and later digital tokens that it hopes to see used as a means of payment.
By Christopher Smart US 10-year Treasury yields have been grinding higher since late August. While there are wide differences on what constitutes ‘normal’, we haven’t seen current levels since 2008.
Max Castelli, head of strategy, sovereign institutions, and Phillip Salman, director of strategy and advice, global sovereign markets, UBS Asset Management, spoke with Taylor Pearce, senior economist at OMFIF, about financial liquidity.
This report draws upon the insights gained from a roundtable held by OMFIF and Visa, which explored the potential of digital currencies to strengthen payments systems and improve the efficiency of wholesale settlements.
