New issue of the Riksbank’s journal Economic Review
News This issue of the Economic Review contains two articles offering overviews of key areas for the Riksbank. The first article describes the major structural changes that have taken place in the financial markets over the past three decades and how this affects the Riksbank. The second article describes ongoing changes in the payments market and what they might mean for Swedish authorities and Swedish payments industry.
The articles in this year’s first edition of the Riksbank’s journal Economic Review are summarized below:
The Riksbank and changes in financial markets, a 30-year perspective
Anna Breman, First Deputy Governor of the Riksbank, and Maria Eriksson and Cecilia Kahn, staff members at the Riksbank, describe how the financial markets have changed over the past 30 years, both in terms of size and structure. Among other things, they highlight the emergence of non-banks as financial intermediaries, and how this can increase the risk of financial crises and how they unfold. They also discuss the implications for monetary policy. [Article]
Swedish payments infrastructure priorities in a rapidly changing payment landscape
Tony Richards, senior adviser at the Digital Finance Cooperative Research Centre in Australia, describes ongoing changes on the Swedish payments market and how it needs to develop, especially with regard to the payments infrastructure. He makes recommendations on priority actions that Swedish authorities and the payments industry should consider going forward. The article was commissioned by the Riksbank. [Article]