Digital Money and Central Banks Balance Sheet Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financia .. more IMF (2022-10-28) |
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The term structure of carbon premia This paper explores a carbon premium ? the extra yield investors demand to buy bonds issued by firms with more greenhouse gas emissions ? in the US corporate bond market. We analyse a carbon premium along two channels, v .. more BIS (2022-10-25) |
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The Return to Fiscal Rules Governments face difficult policy trade-offs with record debt levels, tightening monetary policies, and urgent demands, including food and energy crises, the climate agenda, and population aging. Governments need to comm .. more IMF (2022-10-11) |