Bank for International Settlements
BIS
Paper
Two-country models cannot match markups, switching and pass-through
A new working paper identifies a fundamental trilemma in two-country DSGE models.
Focus
BIS
Speech
Diversity strengthens euro area monetary policy
Martin Kocher, Governor of the Oesterreichische Nationalbank, concluded a conference on monetary policy trade-offs in Vienna on June 19, 2026.
BIS
Speech
Malhotra: RBI strengthens MSME finance, fosters growth
Reserve Bank of India Governor Sanjay Malhotra emphasized the vital role of Micro, Small and Medium Enterprises (MSMEs) in India's economy.
Latest
BIS
Speech
Macklem: Global imbalances fuel financial stability risks
Bank of Canada Governor Tiff Macklem warned that widening global imbalances are fuelling financial stability risks.
BIS
Speech
Kocher reinterprets heterogeneity for euro area monetary policy
OeNB Governor Martin Kocher argued for a more optimistic reinterpretation of heterogeneity in euro area monetary policymaking.
BIS
Speech
Digital euro to boost innovation, secure Europe's sovereignty
Deutsche Bundesbank President Joachim Nagel advocated for the digital euro as a central element of Europe's payment system.
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BIS
Speech
Makhlouf: Financial system risks demand policy evolution
Gabriel Makhlouf, Governor of the Central Bank of Ireland (CBI), stressed the need for macroprudential policy to continuously evolve with the rapidly changing financial system.
BIS
Speech
Panetta: Euro needs completion for new geopolitical era
Fabio Panetta, Governor of Banca d'Italia, stated that Europe is at a crossroads, urging the completion of the euro's institutional architecture.
BIS
Speech
Maijoor: 1763 crisis highlights central bank readiness
Steven Maijoor of De Nederlandsche Bank drew lessons from the 1763 Amsterdam financial crisis to emphasize the central bank's role as lender of last resort.
BIS
Speech
BoJ raises policy rate to 1.0 percent, warns on inflation
Bank of Japan Deputy Governor Ryozo Himino announced the central bank raised its policy interest rate to around 1.0 percent.
BIS
Speech
Serbian banks well-capitalised, profitable, highly liquid
Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, affirmed that Serbian banks are well-capitalised, profitable, and maintain high liquidity buffers.
BIS
Speech
Gopinath: Stablecoins shift to anonymity, challenging policy
Gita Gopinath, Gregory and Ania Coffey Professor of Economics at Harvard University, delivered the Per Jacobsson Foundation Lecture on June 28, 2026.