Bank for International Settlements
Project Agorá prototype enhances cross-border payments with DLT
The Bank for International Settlements (BIS) and the Institute of International Finance (IIF) led Project Agorá, a public-private collaboration exploring tokenisation and programmability to enhance wholesale cross-border payments.
Focus
Breeden outlines UK vision for tokenised money and markets
Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, outlined the UK's vision for modernising money and markets through tokenisation.
Tokenisation improves cross-border payments, Agorá moves to real-value tests
Project Agorá, a public-private collaboration led by the Bank for International Settlements (BIS), has demonstrated how tokenisation can address long-standing inefficiencies in wholesale cross-border payments.
Latest
Middle East conflict complicates RBA inflation outlook
Sarah Hunter, Assistant Governor (Economic) at the Reserve Bank of Australia, discussed the RBA's inflation framework and the outlook in the context of the ongoing Iran conflict.
UI generosity raises wages for all worker types
A Federal Reserve Bank of Cleveland working paper estimates the effects of unemployment insurance generosity on wages.
LCR regulation lowers bank funding costs, especially for long-term debt
A new Bank for International Settlements (BIS) working paper establishes a causal link between liquidity regulation and lower bank wholesale funding costs.
More Topics
BIS: Cyber stress tests boost bank cybersecurity investment
A Bank for International Settlements (BIS) working paper finds that targeted supervisory scrutiny, such as cyber stress tests, significantly increases cybersecurity investment among underinvesting banks.
Uncertainty measures improve recession forecasting
Researchers at the Federal Reserve Bank of St. Louis find that economic uncertainty measures significantly enhance real-time recession forecasting.
Study refines Phillips Curve with monopsonistic wage-setting
A new working paper from the Federal Reserve Bank of Cleveland introduces firms' monopsonistic wage-setting into a standard DSGE model.
Corporate bond market evolution: Electronic trading cuts capital cost
A Philadelphia Fed working paper analyzes the evolution of the U.S. corporate bond market, focusing on dealer balance sheet costs, electronic trading, and mutual fund growth.
Typhoon Hagibis: Land prices fall beyond floodplains
A Bank of Japan working paper examines how flood-risk perception influences land prices after Typhoon Hagibis (2019).
Floods impair Japanese banks, collateral value key channel
A Bank of Japan working paper finds that flood disasters impair Japanese banks' asset quality and profitability, though the overall impact has been limited.