finance

  

Monetary policy in response to tariff shocks

Trump’s victory has re-ignited a debate over the macroeconomic effects of tariffs and the appropriate monetary policy response. Paul Bergin and Giancarlo Corsetti discuss the optimal monetary policy responses

  

Fintech, AI, and the changing financial landscape

What is the end goal of the fintech revolution? Patrick Harker focuses upon the risks of artificial intelligence and machine learning to the financial system

  

Taking stock and looking ahead

The macro-financial environment is changing profoundly. Frank Elderson reflects on the first decade of European banking supervision and looks at the path ahead

  

Engaging with the machine

AI is being used for a wide and increasing range of applications in financial services. Sarah Breeden explores the novel features of Generative AI and how we can uphold financial stability whilst harnessing its potential benefits for economic growth

   

Net zero and financial stability

Dirk Schoenmaker and Hesse McKechnie argue that central banks should take a macro approach to managing system-wide risks stemming from the climate transition to net zero

 

Cefi or defi: substitutes or complements?

Christopher Waller discusses the roles of centralized and decentralized finance, and whether they are substitutes or complementary to each other