Contents

Financial Systems with Chinese Characteristics

Deficiencies of the Western Financial System and Chinese Alternatives by Herbert Poenisch and Tommaso Ferri

China's Economy

A Strong Guarantee is Made to Achieve National Rejuvenation by China Daily Editorial

Steps will Add Support for Private Enterprises by China Daily

Innovation will be Key Policy Focus: Policy: Scientific Governance Role Stressed by Ma Si and Fan Feifei

China | A Reversion of Balance of Payments Situation: from Pandemic to Post-pandemic Era by Jinyue Dong and Le Xia

Climate Change and Green Finance

IMF and World Bank Working Together to Scale up Climate Finance by Tobias Adrian

Innovating Green Finance: Data, Technology and AI by Emma Mcgarthy

Data and Measurement

The Challenges Facing Economic Measurement and Creative Solutions by Adriana D. Kugler

Digital/Technology Innovation

The Process could Completely Revamp Legacy Market Infrastructure by Dom Ghazan

National Approaches to AI Safety Diverge in Focus by Julian Jacobs

Global Economy

Maximizing RCEP's Potential by KAO KIM HOURN

Will Growth in Regional Payment Systems Spur De-dollarisation? by Julian Jacobs

Milestone of CCB Shows Growing Role of RMB by Shi Jing

IMF Stand-by

IMF Executive Board Concludes the Third Review Under the Stand-By Arrangement for the Republic of Serbia by IMF

Macroeconomic

Focus on Near-term Budget Constraints may Miss Looming Long-term Issues by Nikhil Sanghani

Laying a Robust Macro-Financial Foundation for the Future by Agustín Carstens

Monetary Policy

Monetary Policy in an Unusual Cycle - the Risks, the Path and the Costs by Christine Lagarde

Getting Closer by Christopher J. Waller

Regulation and Macro-Prudential Policy

An Integrated Approach to a Safer and More Resilient Banking System by Agustín Carstens

Reserve Management

Five Emerging Trends in Reserve Management this Year by Taylor Pearce