Effectiveness of Monetary Policy Is Not Absolutely Guaranteed, Says BIS’s Carstens

The video discusses the current challenges faced by central banks, including the limits of monetary policy and the need for complementary fiscal measures. It explores the impact of the global financial crisis, China's economic role, and ongoing geopolitical tensions. The discussion also covers the risks of recession, financial stability, and the importance of central bank independence. Finally, it highlights the establishment of innovation hubs to adapt to technological advancements in the financial sector.

How do geopolitical issues impact the global economy and trade?

What are the potential risks associated with low interest rates and the search for yield?

In what ways could central bank independence be threatened?

What innovations are being pursued by central banks in response to evolving financial systems?