· Agustín Carstens Wiki · Bank for International Settlements WikiTwenty-five years and beyond: the partnership between the BIS and Asia
Read full speech on bis.org ↗ContextSpeech in Hong Kong marking the HKMA's 30th anniversary and 25 years of the BIS Asia office; the BIS serves central banks worldwide and works closely with Asia.
Why it mattersCarstens reviews twenty-five years of cooperation with Asian central banks.
Problems raised
- High inflation and financial risks persist.
- Fragmentation, low productivity and demographics hold back growth.
- Capital flows are volatile.
Solutions proposed
- Build on the BIS-Asia partnership.
- Use macro-financial stability frameworks.
- Learn from Asian central banks.