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Monetary thinking and regulatory tinkering
Monetary, regulatory, and macroprudential policies have traditionally been the main focus of central banks and financial regulators. Nonetheless, continued advancements in financial technologies and digital transformation are leading to new monetary thinking and regulatory tinkering by central banks. They seek to maintain monetary and financial stability, especially in a post-pandemic world. Small island economies in particular face intensifying challenges in navigating a combination of fiscal, economic, and socioecological shocks. Associated with the acceleration in digital transformations are not only new ... (full story)