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Twenty-five years and beyond: the partnership between the BIS and Asia

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, trade, fragmentation and geopolitics, growth, investment and productivity

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· Agustín Carstens Wiki · Bank for International Settlements WikiTwenty-five years and beyond: the partnership between the BIS and Asia

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
  1. High inflation and financial risks persist.
  2. Fragmentation, low productivity and demographics hold back growth.
  3. Capital flows are volatile.
Solutions proposed
  1. Build on the BIS-Asia partnership.
  2. Use macro-financial stability frameworks.
  3. Learn from Asian central banks.
Read full speech on bis.org ↗

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