· François Villeroy de Galhau Wiki · Banque de France WikiInternational monetary spillovers - financial and intellectual linkages
Read full speech on bis.org ↗ContextWelcome speech in Paris to the Bellagio group of economists and officials; the Banque de France keeps prices stable and studies how monetary policy spills across borders.
Why it mattersVilleroy examines how US and European monetary decisions spill over to each other.
Problems raised
- Monetary spillovers link the US and Europe.
- Financial linkages are tight.
- AI will affect central banks.
Solutions proposed
- Study international monetary spillovers.
- Strengthen transatlantic cooperation.
- Prepare for AI's effects.