| Toughest challenges for monetary policy are probably still to come |
| By Claudio Borio |
| A dangerous expectations gap has been developing between what monetary policy can deliver and what it is expected to deliver. This expectations gap complicates the conduct of policy and decision-making. Ultimately, it could even undermine central bank independence and legitimacy. However, the toughest challenges for monetary policy regimes are probably still to come. Read the full commentary → |
Global public funds are crucial for financing the transition
By Clive Horwood and Emma McGarthy
With their long-term horizons, vast capital and market influence, public pension and sovereign funds are increasingly at the forefront of transition finance. The potential of these global public funds to drive the capital needed to hit net zero cannot be overstated.
Banking on the diaspora
By Arunima Sharan
As countries across Africa grapple with the challenge of mobilising resources for critical development initiatives, an increasingly popular financial instrument has emerged as a promising solution – diaspora bonds.
MEETINGS
Boris Vujčić on price stability in the euro area
Tuesday 19 November, Roundtable
Boris Vujčić, governor of the Croatian National Bank, joins OMFIF to discuss the search for price stability in the euro area. He explores the accession of southeast European states to the European Union as well as Croatia’s role in helping them to prepare for membership.
ON DEMAND
Transitioning global public funds
The Transition Finance Working Group’s first report launched at COP29 in Baku, Azerbaijan. Tune in to hear the working group members discuss key outcomes from the report and consider the existing challenges and solutions needed to drive the transition.
LATEST REPORT
Global public funds and transition finance
This report explores pension and sovereign funds’ approaches to transition finance so that they can learn from each other and identify areas of common concern, including internal challenges, regulation and policy and the broader financial markets.
