Is There a Case for Regulating Stablecoins?

Stablecoins have become one of the most debated topics in contemporary financial policymaking, especially following [...]

Capital Flow Management during the Taper Tantrum

Emerging market economies often face acute challenges in the wake of sudden bouts of market [...]

When Banks and Insurers Move Together: Why Systemic Risk Lives in the Tails?

Why bank–insurance linkages matter more than ever? The global financial system no longer operates in [...]

When Good Intentions Diminish Leadership Impact

Reflections on Leadership Strengths, Signals and the SEACEN Leadership Competency Framework “If your actions inspire [...]

Role of Cloud Services, AI and Technology in Shaping the Macro Architecture of the Financial System

Background The financial system has undergone a significant transformation in recent years, driven by rapid [...]

Not All Fiscal Cuts Are Created Equal: Why Fiscal Multipliers Matter for Central Banks?

1. Introduction: Why Fiscal Multipliers Matter for Central Banks? As of September 2025, global public [...]

CBDCs vs. Stablecoins: Competing or Complementary Roles?

1. Introduction The digitalization, the rise of crypto-assets and the advancement of technologies, such as [...]

The Human Side of Governance: Reflections from the 2025 Central Bank Governance Summit

How can central banks strengthen governance not only through systems and policies but through the [...]