Central Banking Journal
China will hold down the Rmb
This comment is contributed by Steve Hanke, professor of economics at Johns Hopkins University.
China’s reform of its banking system
Li Ruogu highlights four key areas where China has looked to strengthen its burgeoning banking sector.
Interview: Li Ruogu
In this exclusive interview, the deputy governor of the People’s Bank of China provides the background to the recent reform of its exchange rate system, the current monetary policy, China’s role in the international monetary system and its reserve…
Last through the door?
Bulgaria, Croatia and Romania may be the last countries to join the EU, and they are taking very different paths to the euro. Nick Carver reports.
Weber stands his ground
Tussles with government have tested his mettle, but Axel Weber has impressed in his first year at the Bundesbank, writes Marietta Kurm-Engels.
Dear Jean-Claude...
Changing the way the ECB works would improve its image and make your job easier, writes Charles Goodhart in an open letter to the ECB’s president.
Review of Monetary policy Transmission in the Euro Area
The ECB is piecing together how monetary policy affects the eurozone economy. A review by Paul Brione of Central Banking.
One size fits none
As the German economy stalls, should the ECB shift its policy focus from the eurozone as a whole? By Henrik Enderlein.
Obituary: John Page 1923-2005
Elizabeth Hennessy looks back on the career of John Page, whose influence as chief cashier at the Bank ran throughout the City.
Central bankers’ cosy retreat
For 75 years the BIS has played a central and sometimes controversial role in bringing central banks together. Harold James reviews a new history of the bank.
The costs of capital inadequacy
Blair Baker reports on why Costa Rica’s central bank cannot afford to lower inflation.
Managing financial research in central banks
All central banks need to motivate and retain top-notch researchers. Philipp Hartmann and Myron Kwast describe how the ECB and the Federal Reserve do it.
Lookouts for financial instability
Can a central bank’s dealers help with market surveillance? Tim Young and John Nugée point to some of the difficulties and possible remedies.
Central banks feel the pinch
A falling dollar and low yields on traditional assets have hit balance sheets hard. Central Banking reports.
How central banks manage their finance
Robert Sleeper analyses the growing risks on central banks’ balance sheets, and asks: should they hold more capital?
Who holds the wealth of nations?
The growth of sovereign wealth funds, often managed outside central banks, has received little attention or analysis. Yet it is a major development in international finance, with implications for central banks writes Andrew Rozanov.
The pact’s last stand
Political tensions have been contained by the deal on deficits, but at what cost to Europe’s fiscal regime and its single currency? William Clarke reports from Brussels.
Dangerous drift in international money
The international monetary situation is being allowed to drift dangerously as the leading countries neglect the risks and ignore calls for reform. Robert Pringle reports from Beijing.
On the record - Mervyn King
In February, Mervyn King raised some thoughtful questions about the way the system works at present, and how it might in the future.
Trapped by the international dollar standard
The three following articles raise troubling questions about the world economy. Here, Ronald McKinnon argues that America’s addiction to deficits distorts the world system.
Interview: David Dodge
The governor of Canada’s central bank explains how the institution has contributed to the country’s remarkable recent economic performance.
News Analysis: News in debt
Paul Brione reports on controversial trades, very long bonds and over-issuance in sovereign debt markets.