Below I have pasted in the April newsletter I receive by email from the Bank for International Settlements. Of note in this issue is a video discussion that points out that despite all the talk we hear about a "cashless society", we are far from that being a reality today.
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Central banks must carefully weigh the implications for financial stability, monetary policy and payments systems of issuing digital currencies, according to the Committee on Payments and Market Infrastructures and the Markets Committee. |
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Volatility returned to markets, puncturing a long period of unusual calm and highlighting the difficulties in normalising monetary policies. |
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The Basel Committee is proposing revisions to minimum capital requirements for banks’ trading activities. |
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Demand for cash has risen in many advanced economies following the Great Financial Crisis, even though consumers are using cards or contactless payment options more often. |
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Shifting sources of international finance - from Japanese banks in the 1990s to European banks in the 2000s, with a growing role for Chinese banks today - have affected how economic shocks could be transmitted worldwide. |
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