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Future-proofing central banks

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

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiFuture-proofing central banks

ContextKeynote speech by Joachim Nagel, President of the Deutsche Bundesbank, at the Bank for International Settlements Innovation Summit, Basel, 9 September 2024.

Why it mattersThe Bundesbank president urges central banks to prepare systematically for unforeseeable scenarios.

Problems raised
  1. Structural risks are hard to foresee.
  2. Future paths are uncertain.
  3. Central banks must adapt to innovation.
Solutions proposed
  1. Think through scenarios systematically.
  2. Future-proof central banks through innovation.
  3. Cooperate through the BIS.
Read full speech on bis.org ↗

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