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Granular Expectation Shocks and International Financial Contagion

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International Trade and Industrial Policy in a Changing World

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Pricing Under Distress

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Calendar of the First Deputy Governor

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Stablecoin

Type of crypto-asset whose value is designed to remain stable relative to one or more assets, such as an official currency or basket of currencies.

t

Terminal rate

In the current context of central bank cuts to key rates, the terminal rate is the minimum rate that will be reached at the end of the monetary easing phase.

c

Crypto-asset

Digital representation of a value or a right that can be transferred or stored electronically using distributed ledger technology (such as blockchain) or similar.

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