As money and payments evolve, the euro is changing too. European policy-makers have long cherished the aim of increasing the euro’s role and importance in reserve portfolios and in payments outside its borders. Boosting the euro’s international status requires both the market integration package and the savings and investment union projects to advance, creating modern […]
Will Europe and the euro evolve? Read More »
Biodiversity loss poses a material risk to the global economy, with an estimated half of global gross domestic product moderately or highly dependent on nature. Yet financial markets lack robust tools to fully identify and manage nature-related risks. As central banks and regulators grapple with nature-related financial stability risks, and as the exposure of businesses
Nature-related risk: measurement, governance and financial system response Read More »
Wholesale and retail use cases for central bank digital currencies do not alter their core monetary attributes as public money. A unified model can address both wholesale and retail use cases by defining the distinction at the wallet level and tokens can move across these wallets without changing their nature. OMFIF’s Digital Monetary Institute, in
Retail-wholesale integration: building a unified framework for digital public money Read More »
Phillip Swagel, director of the Congressional Budget Office, joins Mark Sobel, vice chair and chief economist of OMFIF, for a discussion on US fiscal policy and the economic outlook. The conversation explores the CBO’s projections for near- and long-term debt and deficits, including the underlying economic assumptions, and the prospects and challenges for stabilisation.
The outlook for US fiscal policy Read More »
Tokenisation is expected to reshape financial markets as more traditional products and services move on-chain, while digital identity is expected to be critical to that evolution. Meanwhile, artificial intelligence is poised to reshape the economy. Regulators, policy-makers and legislators are hitting a logjam – with more than 1200 new proposals at the state level in 2025 alone.Â
The evolving US regulatory environment for digital assets and technology Read More »
On the occasion of the International Monetary Fund-World Bank annual meetings, DZ BANK and OMFIF are co-hosting a breakfast discussion with central banks, official institutions and investors. This assesses fragmenting globalisation and the implications for the future of trade. The event delves into topics such as key drivers of fragmentation, economic effects and the impact
Fragmenting globalisation: the future of trade and finance Read More »
The role of local currency in global South debt management and trade finance structures has rapidly gained importance in recent years. This roundtable, organised in partnership with Macroeconomic and Financial Management Institute of Eastern and Southern Africa and Invest Africa, explores innovative approaches for policy-makers to enhance debt sustainability and trade resilience through deepening the
Local currencies in the global South: tools for debt and trade resilience Read More »
This lunchtime event convenes high-level officials from central banks, other official institutions, international organisations and financial market participants to explore how central banks are navigating a challenging macroeconomic and geopolitical environment. Topics for discussion include evolving reserve management strategies, operating models and the role of external managers, asset allocation decisions and currency diversification. The insights
Reserve management in a volatile world Read More »
Global efforts to modernise financial infrastructure and expand access to financial services are driving the evolution of real-time payments systems. As regions pursue greater integration and cross-border interoperability, central banks face critical questions on how to keep payments systems secure, inclusive and adaptable. Achieving this demands a careful balance between public policy direction and private
Designing next-generation instant payments systems for a globally connected economy Read More »
Wholesale and retail central bank digital currencies both have the potential to improve efficiency and financial innovation. Policy-makers and central banks are now increasingly acknowledging the opportunities that CBDCs present for the digital economy but are also assessing likely challenges. OMFIF’s Digital Monetary Institute, in collaboration with Giesecke+Devrient, is convening a private roundtable to explore
