The Financial Stability Board has published a consultation report on policy measures to address leverage in non-bank financial intermediation where it can create financial stability risks. The ...

How could practitioners assess the domestic financial stability implications of retail CBDC? This chapter identifies six key transmission channels through which CBDC can affect financial ...

In our blog at the beginning of this year, we flagged that emerging markets were navigating high global interest rate volatility. We also noted that while emerging markets have thus far remained ...

In volatile economic environments, particularly across emerging markets, unstable personal finances can turn normal business setbacks into existential crises. Missed payments, emergency expenses, or ...

The European Central Bank (ECB) has made significant strides in 2025 to bolster financial stability, advance the digital euro initiative, and address consumer expectations in the Eurozone. Recent ...

Thank you, Reena. It is an honor to be back at Georgetown and at the Psaros Center.1 I have spent a significant amount of time on and around this campus, including when I served as a congressional ...

Emerging market currencies have depreciated against the US dollar as interest rate differentials narrowed, despite stable economic growth projections. Interest rate differentials with the US are a key ...