That way, central banks can also help to better pinpoint climate-related financial risks in the market. They would thus be acting as a catalyst for the greening of the financial system and be supporting climate policy. 6 Central bank digital currency There’s one final topic I would like to touch upon at least briefly: central bank digital currency.
They come in the form of higher standards of living not only for the residents of advanced countries, but also for the people in the less and least developed countries, which have increasingly been integrated into the world economy. The liberalisation of international capital flows started in the early 1980s. Since then, the volume of international financial transactions has risen both substantially and rapidly.