BISness

Agustín Carstens outlines the ideal policy constellation for the fastest growth with the lowest inflation and issues a call to action for governments.

Claudio Borio discusses the lessons learned for monetary policy from the extraordinary events of the past 25 years, and looks ahead to upcoming challenges. Read more .

Hyun Song Shin discusses the benefits and challenges for central banks of the latest artificial intelligence technology. Read more .

Should a prudential regulatory regime apply to non-bank financial intermediaries – and if so, what should it look like? Financial Stability Institute Senior Advisors Johannes Ehrentraud and Raihan Zamil discuss this, drawing from their recent FSI Insight paper:  Safeguarding the financial system's spare tyre: regulating non-bank retail lenders in the digital era (bis.org) .

BIS General Manager Agustín Carstens and Siddharth Shetty, from the Foundation for Interoperable Digital Economy, discuss a vision of multiple interconnected financial ecosystems designed to empower individuals and firms, the Finternet, at the BIS Innovation Summit 2024 .

Historian, philosopher and best-selling author Yuval Noah Harari discusses with Cecilia Skingsley, head of the BIS Innovation Hub, the potential impacts of future technologies on human society and the global financial system.

How will the widespread adoption of artificial intelligence (AI) affect inflation and the global economy? How do consumers perceive the impact of AI on their everyday lives? BIS economists Iñaki Aldasoro and Sebastian Doerr discuss these issues, drawing from their recent Working Paper The impact of artificial intelligence on output and inflation and BIS Bulletin Survey evidence on gen AI and house...

The Basel Committee at 50; listen to Chair Pablo Hernández de Cos and Secretary General Neil Esho discuss the Committee's work – past, present and future, as well as the International Conference of Banking Supervisors. 

Cecilia Skingsley and Hyun Song Shin explain the BIS's new project to test the tokenization of commercial and central bank money, in association with seven central banks.

Roberto Campos Neto, Governor of the Central Bank of Brazil, talks to Alexandre Tombini, Chief Representative for the BIS Office for the Americas, about past challenges for the central bank and future priorities, including instant payments and financial inclusion.

Should central banks worry about women's level of participation in the economy and the economic profession? Rosanna Costa, President of the Central Bank of Chile talks to Alexandre Tombini, Chief Representative for the BIS Office for the Americas about why they should, while also sharing some highlights on Chile's current macroeconomic situation.

Claudio Borio and Hyun Song Shin summarise the March 2024 Quarterly Review and answer journalists' questions about financial market developments and the economic outlook.

Central banks were early adopters of AI and machine learning. But as the world ramps up efforts to embrace new technologies, what does this mean for central banks? How can they stay ahead of the curve? Sebastian Doerr and Douglas Araujo discuss the findings of a  BIS Bulletin  on AI applications in central banking and the challenges that central banks might face in the future in this area.

What role have central banks played in bringing down inflation? 2023 has seen central banks across the globe respond forcefully to the recent rise in inflation. But given that much of this increase was due to sectoral shocks, what can monetary policy do to counter it? Benoit Mojon explains the findings of a new BIS Bulletin on monetary policy and disinflation , co-authored with other BIS economist...

Artificial intelligence is on everyone's minds these days. Many are predicting a period of upheaval ahead, while others believe it will be beneficial to economic growth and productivity. But how will all this impact the richest and poorest in society? Jon Frost, Head of Economics for the Americas, and Giulio Cornelli, Senior Financial Market Analyst, shed some light on this question, drawing from...

Claudio Borio and Hyun Song Shin summarise the December 2023 Quarterly Review and answer journalists' questions about financial market developments and the economic outlook.

Which trends might shape Asia's economic outlook? Which challenges do emerging markets currently face? Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue discusses these questions with Chief Representative of Office for Asia and the Pacific, Tao Zhang. The HKMA h as been a member of the BIS for over 25 years. Chief Executive Yue also spoke about the evolution of this relationship and ab...

Do stablecoins live up to their name and can they serve as a reliable means of payment and store of value? Senior Economist Anneke Kosse discusses these questions based on the BIS paper " Will the real stablecoin please stand up? " She also highlights how significant data gaps regarding the users and uses of stablecoins make it difficult to ascertain the risks they pose to the smooth functioning o...

Claudio Borio and Hyun Song Shin summarise the September 2023 Quarterly Review and answer journalists' questions about financial market developments and the economic outlook.

The last mile to price stability will be most challenging, says Agustín Carstens, discussing the risks to the global economy laid out in the  BIS  Annual Economic Report .

Claudio Borio offers a historic perspective on the interaction of fiscal and monetary policy to better understand the challenges facing the global economy today, and draw some lessons for the future. Read more .

Hyun Song Shin explains the main elements of the unified ledger and how tokenisation can be a game changer for the monetary system. Read more.  

Over the past 40 years, income inequality within countries has risen inexorably. A book by BIS authors explains why this has profound implications for the design of macroeconomic stabilisation policies.

In a speech, Agustín Carstens argues that central banks need to think big to reap the greatest benefits from innovation. He discusses the options with Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore. Read the speech here: https://www.bis.org/speeches/sp230222.htm

How did the 2022 turmoil in the crypto market affect small, retail investors compared with large or insider investors? Was there any spillover to traditional financial markets?   Jon Frost, Head of Economics for the Americas, and Giulio Cornelli, Senior Financial Market Analyst, provide some answers based on their recent BIS Bulletin Crypto shocks and retail losses , co-authored with Sebastian Doe...