Former LatAm governors propose new IMF liquidity tool
Emerging market fund would be aimed at stabilising bond markets during liquidity crises
Small economies still trigger ‘substantial’ spillovers – IMF paper
New data on monetary policy shocks allows economists to track cross-border impact
How the rate hike cycle emboldened banks’ deposit modelling
But just because depositors didn’t react quickly doesn’t mean it will never happen
ECB ‘did not approve’ production of €8,000 note
Central bank denies claims by issuing company that souvenir bill was created with its consent
Editor's choice
Obituary: Tito Mboweni, 1959–2024
Sarb’s first black governor championed inflation targeting with “sharp wit”
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
Hélène Rey on cracking the code to the global financial cycle
The dollar and financial cycle move together. For the first time, economists think they know why
Lessons learned on macro-pru policies
Tools are proving their worth although use cases vary by country; role in over-arching frameworks remains a challenge
Benchmarking
Handful of central banks expanded swap lines in past year
Vast majority of swap lines offer US dollar liquidity
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Awards
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Central bank of the year: Central Bank of Brazil
The Latam central bank has pursued its mandate in an exemplary fashion, despite external pressures
Lifetime achievement: Masaaki Shirakawa
The veteran BoJ central banker called out the limits of monetary policy
Governor of the year: Andriy Pyshnyy
Pyshnyy kept Ukraine’s wartime economy stable and won vital foreign support under huge pressure
Video and Podcasts
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
Former BoJ head speaks about the need to understand banking, make contingency plans and current policy constraints
Podcast: cash in the payments landscape
Podcast: the ‘global unsyncing’
Podcast: the ECB’s collateral framework expansion
Book reviews
Book notes: Money in the 21st century: cheap, mobile, and digital, by Richard Holden
Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
Book notes: Easy money, cryptocurrency, casino capitalism, and the golden age of fraud, Ben McKenzie with Jacob Silverman
Book notes: How a ledger became a central bank: a monetary history of the Bank of Amsterdam, by Stephen Quinn and William Roberds
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