October 2025 – Bank Underground
1 post published by BankUnderground during October 2025| Bank Underground
1 post published by BankUnderground during October 2025| Bank Underground
David Rule Digital currencies and stablecoins have increased interest in how new forms of money are adopted. Looking to three episodes from the 1690s to the First World War, this post considers how…| Bank Underground
Peter Denton AI systems are becoming increasingly capable of pursuing sophisticated goals without human intervention. As these systems begin to be used to make economic transactions, they raise imp…| Bank Underground
Utkarsh Somaiya, Caspar Siegert and Benjamin Kingsmore Climate change creates material economic and financial risks which central banks need to understand to ensure monetary and financial stability. Their interest in climate change has therefore skyrocketed, with almost one third of central bank speeches in 2023 referencing climate change. Central banks are typically responsible for ensuring … Continue reading The right tools for the job? How effectively can central banks support the transi...| Bank Underground
Rhiannon Sowerbutts The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Fina…| Bank Underground
Lewis Holden Over 95% of banks’ emissions are ‘financed emissions’. These are indirect emissions from households and businesses who banks lend to or invest in (banks’ asset exposures). Banks disclose these in line with regulations designed to help markets understand their exposure to climate-related risks and their impact on the climate. But emissions disclosures vary … Continue reading Same firms, different footprints: making sense of financed emissions→| Bank Underground
Mohammed Gharbawi Rapid advances in artificial intelligence (AI) have fuelled a lively debate on the feasibility and proximity of artificial general intelligence (AGI). While some experts dismiss t…| Bank Underground
Philippe Bracke, Matt Everitt, Martina Fazio and Alexandra Varadi The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Macroeconomic Environment Theme which focuses on the changing inflation dynamics and unfolding structural change … Continue reading When mortgage flexibility meets monetary policy tightening: heterogeneous impacts on spending and debt→| Bank Underground
Charlie Warburton and James Brookes Economists have repeatedly shown that readability of central banking communication matters. But they typically measure readability in a crude way – using th…| Bank Underground
Hannah Copeland, Lennart Brandt, Natalie Burr and Boromeus Wanengkirtyo Emissions Trading Schemes (ETS) are an increasingly popular market-based policy to impose a price on carbon emissions (previously costless to the emitter) (World Bank Group (2025), DESNZ (2025)). With carbon prices expected to increase steadily, and sectoral coverage broadening, these schemes have gained the attention of … Continue reading What happens to inflation when we put a price on carbon?→| Bank Underground
Julia Giese and Jacqueline Koay We live in an era of rapid change, complexity and uncertainty. Over recent years, severe global shocks have been frequent, with profound implications for our economy…| Bank Underground
Carlos Cañón Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on compet…| Bank Underground
