Contents
Special Column on China’s Financial Development
Economic Development in Emerging Markets/Global South CHINA & USA Collaboration a Necessity by Yaseen Anwar
The Central Financial Work Conference and Flow of Funds Analysis to Ensure Better Alignment between the Real Economy and Financial Flows by Herbert Poenisch
The Future of China’s Financial System by Andrew Sheng and Xiao Geng
Stable RMB Conducive to High Quality Development by Li Jianjun
Warranted Endeavor to Open Up by Zhang Yuyan
FDI Conducive to Forming Virtuous Cycle by Liu Qing
Economists' Take on China's Economic Outlook in 2024
Global Economy
The Future Monetary System: From Vision to Reality by Agustín Carstens
Global Linkages: Supply, Spillovers, and Common Challenges by Lisa D. Cook
Macroprudential Policy
The Role of Macroprudential Policy in the Stabilisation of Macro-Financial Fluctuations by Pablo Hernández de Cos
Macroprudential Policy: Taking Stock and Looking Forward by Gaston Gelos
Financial Risk and Stability
New Look at Global Banks Highlights Risks From Higher-for-Longer Interest Rates by Charles Cohen, Srobona Mitra and Fabio Natalucci
The Recent Financial Tumult: Lessons and Responses by Klaas Knot
The Importance of Effective Liquidity Risk Management by Michael S. Barr
Monetary Policy
Monetary Policy in Times of Multiple Challenges by Joachim Nagel
Reflections on the Economy and Monetary Policy by Michelle W. Bowman
Climate Policy and Green Finance
Climate Crossroads: Fiscal Policies in a Warming World by Raphael Lam
Green Finance in Emerging Markets: A Ground-Level View by Dimitri Demekas
Climate Risks and Financial Stability: What Can Central Banks and Financial Sector Supervisors Do? by Tobias Adrian
Central Bank Digital Currency
Legitimacy, Privacy, Integrity, Choice: Towards a Legal Framework for Central Bank Digital Currencies by Agustín Carstens
Simplifying Cross-Border Payments through CBDC Technology by Anthony Ralphs
Working Paper
Crises Have Shaped the European Central Bank by Nout Wellink
Openness, Financial Structure and Bank Risk: International Evidence by Ma Yong and Yao Chi