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The impact of the Russian invasion of Ukraine on the UK economy » FINCHANNEL

The Russian invasion of Ukraine, which began on 24 February 2022, has had a devastating humanitarian impact on Ukraine. The resultant sanctions on Russia will surely have a determinantal impact on the Russian economy – how much will depend on the fortitude of the sanctioning countries. The conflict will also affect the world economy, regardlessThe Russian invasion of Ukraine, which began on 24 February 2022, has had a devastating humanitarian impact on Ukraine. The resultant sanctions on Russia will surely have a determinantal impact on the Russian economy – how much will depend on the fortitude of the sanctioning countries. The conflict will also affect the world economy, regardless » The FINANCIAL Russian Invasion of Ukraine ....

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Central bank digital currency for the UK | VOX, CEPR Policy Portal

Raphael Auer, Rainer Böhme
Central banks across the world are starting to experiment with digital currencies. A 2021 BIS Survey of central banks “has found that 86% are actively researching the potential for CBDCs, 60% were experimenting with the technology and 14% were deploying pilot projects” (BIS 2021). Just last year, the Bahamas became the first country to introduce a CBDC nationwide (the sand dollar) and in April, the Eastern Caribbean became the first currency union central bank to issue digital cash.
1 Overall, the BIS reports that at least 46 central banks are currently actively designing or planning for the possible introduction of digital currencies (Auer et al. 2020). This year, the Bank of England and the Treasury announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to explore a potential UK CBDC. ....

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Fiscal rules in the European Monetary Union | VOX, CEPR Policy Portal

Fiscal rules were enshrined in the founding documents of the European Monetary Union. This column presents the latest CfM-CEPR survey, in which the panel of experts on the European economy were nearly unanimous in agreeing that the existing EU fiscal rules require revision. Most panel members would opt for some combination of fiscal councils; more flexible, countercyclical, or ....

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