The return of inflation has surprised many, including central bankers. So has the resulting rise in nominal interest rates. These surprises have brought others with...
The failure of two large banks with international footprints sent shockwaves through the global financial system last month. Silicon Valley Bank was the 16th largest...
New transnational threats such as climate change and pandemics require international financial institutions to redefine the fundamentals of growth, strengthen their operating models, and foster...
Whether it’s based on hallucinatory beliefs or not, an artificial-intelligence gold rush has started over the last several months to mine the anticipated business opportunities...
The hype around artificial intelligence (AI) has skyrocketed since the launch of ChatGPT, the chatbot from OpenAI. In just two months, ChatGPT was estimated to...
While inflation in major economies has probably peaked, central banks will have to maintain tight monetary conditions. Even if the fallout from the recent turmoil...
Real interest rates have rapidly increased recently as monetary policy has tightened in response to higher inflation. Whether this uptick is temporary or partly reflects...
Financial stability is not only about managing inflation, employment rates and spending, it’s about understanding how those factors affect people in different places and in...