Sunday’s Swiss referendum on vollgeld (sovereign money) has triggered an interesting debate on its appeal and its disadvantages.

Do we need a central bank issued retail digital currency if we already live in a world of digital money and digital payments?

What a difference ten years make!

Why financial stability remains elusive.

How did QE induce a “collateral trade”? Recent research on the optimal lending and collateral policies of central banks.

How much progress have we made in properly evaluating financial leverage.

Three new working papers on bank resolution frameworks, government guarantees and credibility of bail-in strategies.

How has post-crisis banking regulation affected shadow banking? The rise of fintech and the challenge of interconnectedness between EU and the US.

What is the current state of financial globalization? How important is the Global Financial Cycle?

Recent research suggests that Central Bank Digital Currencies can increase GDP, raise the efficiency of retail payments and render a negative interest policy more effective. But what are Central Bankers saying?