ECB (European Central Bank)

Diem bridges banking and crypto worlds, Draghi’s second chance to save Europe

Diem bridges banking and crypto worlds, Draghi’s second chance to save Europe

Tuesday 16 February 2021 – Vol.12 Ed.7.2

Commentary: Diem bridges banking and crypto worlds

By Katie-Ann Wilson in London

Diem has been through several iterations since it was first announced in June 2019. Adjustments are not limited just to a change of name. Now those behind the project are beginning to reveal where they expect Diem to sit within financial markets. They are outlining how the stablecoin will overcome...

https://allaboutshipping.co.uk/2021/02/16/diem-bridges-banking-and-crypto-worlds-draghis-second-chance-to-save-europe/

Exposing fault lines in the Eurosystem, Draghi’s grandest and gravest mission

Exposing fault lines in the Eurosystem, Draghi’s grandest and gravest mission

Friday 5 February 2021 – Vol.12 Ed.5.5

Commentary: How NCBs could expose fault lines in the Eurosystem

By John Nugée in London

An increasing area of concern is the growing maturity mismatch on central bank balance sheets. This could cause a problem if interest rates were to rise. For most ordinary central banks, it is not a problem. But the Eurosystem is very different, and presents grounds for some concern. The dual...

https://allaboutshipping.co.uk/2021/02/05/exposing-fault-lines-in-the-eurosystem-draghis-grandest-and-gravest-mission/

Fed should speak out on financial stability, Does central bank capital matter? (Part 2)

Fed should speak out on financial stability, Does central bank capital matter? (Part 2)

Friday 29 January 2021 – Vol.12 Ed.4.5

Commentary: Fed should speak out

By Mark Sobel in Washington

As the US experiences a slowdown in economic recovery, the Federal Open Market Committee firmly adhered to the status quo in a two-day meeting on Wednesday. This caution could lead to a lull lasting months. But instead of describing risks, the Fed should forcefully speak out, urging a strengthening of US...

https://allaboutshipping.co.uk/2021/01/29/fed-should-speak-out-on-financial-stability-does-central-bank-capital-matter-part-2/

Does central bank capital matter? German power tandem should back Merz

Does central bank capital matter? German power tandem should back Merz

Thursday 28 January 2021 – Vol.12 Ed.4.4

Commentary: Does central bank capital matter?

By Danae Kyriakopoulou and Pierre Ortlieb

The tension between central bank independence, profit and loss accounting and the structure of the Eurosystem has come into the spotlight. This is due to the rise of the European Central Bank’s balance sheet and its growing exposure to often negative-yielding sovereign bonds. Part 1 in this new series...

https://allaboutshipping.co.uk/2021/01/28/does-central-bank-capital-matter-german-power-tandem-should-back-merz/

GLOBAL & REGIONAL DAILY (Friday 22 January, 2021)

GLOBAL & REGIONAL DAILY (Friday 22 January, 2021)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

January 22 2021

Global Markets

The ECB kept its monetary policy unchanged y-day, as widely expected. However market participants focused on the addition of a sentence in the policy statement suggesting that asset purchases may not reach the full amount of the PEPP envelope. In reaction, sovereign bond yields rose across the continent, while the EUR strengthened.

Greece

Based on provisional data by the BoG, in Jan-Nov...

https://allaboutshipping.co.uk/2021/01/22/global-regional-daily-friday-22-january-2021/

Who will fill Europe’s post-Merkel vacuum? Outlook for the US under Biden

Who will fill Europe’s post-Merkel vacuum? Outlook for the US under Biden

Thursday 14 January 2021 – Vol.12 Ed.2.4

Commentary: Filling Europe’s post-Merkel vacuum

By David Marsh in Berlin

Saturday’s Christian Democratic Union poll is significant for Germany’s post-Covid economy, Europe’s US and China relations, the scope of the EU’s recovery fund and green energy prowess, and the timing of ECB policy-tightening. None of the three candidates formally standing has the stature or adequate support to...

https://allaboutshipping.co.uk/2021/01/14/who-will-fill-europes-post-merkel-vacuum-outlook-for-the-us-under-biden/

Crypto crawls from the crypt, Euro area economic outlook

Crypto crawls from the crypt, Euro area economic outlook

Wednesday 9 December 2020 – Vol.11 Ed.50.3

Commentary: Crypto crawls from the crypt

By Philip Middleton in London

Just when central bankers and regulators thought that their detailed announcements about future plans for central bank digital currency had consigned them to the speculative fringes of the dark web, private cryptocurrencies are making a comeback. The distinction often fails to be made between true cryptos, stablecoins, private...

https://allaboutshipping.co.uk/2020/12/09/crypto-crawls-from-the-crypt-euro-area-economic-outlook/

Preserving ECB independence, James Wolfensohn: Dynamic, passionate World Bank leader

ECB

Preserving ECB independence, James Wolfensohn: Dynamic, passionate World Bank leader

Wednesday 2 December 2020 – Vol.11 Ed.49.3

Commentary: Preserving ECB independence

By Danae Kyriakopoulou in London​​​​​

Targeted fiscal support is the best policy tool to address the economic ramifications of the pandemic. Fears about central banks losing their independence through fiscal dominance or loss of market neutrality are misguided. Worse still, they can be dangerous if they discourage them from...

https://allaboutshipping.co.uk/2020/12/02/preserving-ecb-independence-james-wolfensohn-dynamic-passionate-world-bank-leader/

Central America resilient against Covid, In conversation with Yves Mersch

Central America resilient against Covid, In conversation with Yves Mersch

Monday 9 November 2020   –    Vol.11 Ed.46.1

Commentary: Central America resilient against Covid

By Natalia Ospina in London

At a time of global uncertainty, Central America presents opportunities for growth and sustainable recovery driven by its dynamism and economic integration. An OMFIF report, produced jointly with the Central American Bank for Economic Integration, revealed that Central America stood out from the rest...

https://www.allaboutshipping.co.uk/2020/11/09/central-america-resilient-against-covid-in-conversation-with-yves-mersch/

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