New challenges for central banks

As the Bank of England ponders a digital future, the ECB hints at further easing and Facebook’s Libra coin poses a new threat. Here’s the best of this week’s comment and analysis.

Increasing access to central bank deposits can help foster competition

Mario Draghi’s successor at the ECB will need to handle the next existential crisis

The markets are vulnerable to potential nasty losses if rates suddenly shoot up

At worst, this might lead to a world dominated by a mono-bank

Modern monetary theory may seem unlikely now but things can change quickly

Letter from Stephen Hazell-Smith, Penshurst, Kent, UK