Recent events have reignited concerns about the financial stability implications of monetary policy. We show empirically that monetary tightening exacerbates financial stress after supply shocks, ...

The IMF has warned that low-income countries face rising risks from weak currencies, inflation, debt pressures, and fragile ...

I develop a framework analyzing how artificial intelligence (AI) reshapes monetary policy through three interrelated channels: cyclical transmission, structural transition, and financial stability. In ...

The Bank of Central African States is favoring a sovereign digital currency pegged to the CFA franc, aiming to prevent dollar ...