Post by Bank for International Settlements – BIS

🎙 In this BISness episode, General Manager Pablo Hernández de Cos goes beyond the headlines of the Annual Economic Report. Why this #AI wave differs from those of past technologies; how leveraged hedge funds can magnify stress in sovereign debt markets; and what a new fiscal-financial stability nexus means for monetary policy transmission. He also sets out a reinforcing policy mix – safeguard price stability, rebuild fiscal space, extend prudential standards to non‑banks, finalise Basel III and improve transparency in private credit. “These policies complement each other. When the central bank guarantees price stability, when governments guarantee fiscal sustainability and when financial regulators guarantee financial stability...each of them is also amplifying the capacity, the space that the others have.” Watch the full video: https://bit.ly/4f3Kkar #BISAnnualEconReport

Video Content