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The benefits of diversity for central banks

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiThe benefits of diversity for central banks

ContextSpeech at the G7 CeBaDi diversity, equality and inclusion summit in Frankfurt; the Bundesbank is Germany's central bank and promotes diversity in central banking.

Why it mattersNagel argues that inclusion strengthens monetary institutions.

Problems raised
  1. Central banks lack diversity.
  2. Generational change is coming.
  3. Inclusion needs progress.
Solutions proposed
  1. Promote diversity in central banks.
  2. Appoint diversity officers.
  3. Build an inclusive culture.
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