Articles by Central Banking Newsdesk
Honohan: EU-IMF programme a qualified success
Following conclusion of programme Central Bank of Ireland governor says it did 'what it said on the tin' by restoring market confidence and stabilising the economy
RBI director cautions against foreign ‘investment tourists’
Financial stability implications of investors leaving India 'at a whiff of trouble' must be kept in mind as the country progresses down path of liberalisation, Padmanabhan says
National Bank of Denmark heads deeper into negative territory
Unscheduled cut pushes deposit rate further below zero and leaves lending rate barely in the positive as krone comes under pressure ahead of expected ECB action
Lower productivity behind growth slowdown in African middle-income countries, IMF paper finds
Slowdown in total factor productivity 'largely responsible' for weaker growth in small middle-income African economies, authors argue
Fed sets up permanent community advisory council
First advisory council since the 1980s set up as Federal Reserve fights claims that its policies are benefiting wealthy investors at the expense of middle-income households
Capital controls may do more harm than good: NBER paper
Working paper attempts to gauge the adverse effects of imposing capital controls, including segmented financial markets, more expensive capital, and reduced investment
Leaning against the wind may boost shadow banking: BoE researchers
Contractionary monetary policy may encourage growth of shadow banking even as it restricts commercial banks, casting doubt on the ability of central banks to ‘lean against the wind’
Cambodia’s central bank defends depiction of Buddha on banknotes
National Bank of Cambodia released a new 100 riel banknote last week, depicting Buddha, which local media reports suggest has come in for criticism from some stakeholders
BoJ opinion survey highlights shift in expectations
Survey of public opinion sees Japanese people increasingly pessimistic about the economy as a whole, but there are signs the Bank of Japan’s policy efforts may be paying dividends
EBA declares LCR 'not likely' to have negative impact
Impact assessment by European Banking Authority finds liquidity coverage ratio is unlikely to negatively impact bank lending or financial stability; some banks show shortfall
Cuban central bank to issue three new large-value banknotes
Central bank plans to issue banknotes worth 200, 500 and 1,000 domestic pesos; the largest note currently in circulation is worth 100 pesos
Ex-finance minister replaces Angolan governor after shock resignation
José de Lima Massano resigns from the National Bank of Angola; the President accepts his resignation and appoints former finance minister to succeed him
DNB paper calls for ‘fundamental overhaul' of Dutch pensions system
Central bank says current system has ‘opaque redistributive elements that are difficult to justify' and puts some generations ‘at a disadvantage in favour of others'
Economists at SNB study reuse of collateral
Working paper estimates the level of reuse activity in the Swiss franc report market between 2006 and 2013, before analysing the drivers of it
Cash settlement shifts to central bank platform in Kenya
Cash settlement of equity and corporate bond transactions on Nairobi Securities Exchange now taking place on Central Bank of Kenya’s real-time platform
ESRB on the hunt for experts to join macro-prudential advisory committee
Applicants for a seat on Advisory Scientific Committee must be academics or industry practitioners and cannot be employees of a member institution
Plosser: Regular monetary reports would force FOMC to ‘think more deeply’
Philadelphia Fed president Charles Plosser sets out why the Federal Reserve should publish a quarterly monetary policy report – part of which he and colleagues have already modelled
Central Bank of Colombia director calls for new policy tools
Colombia’s central bank needs to ‘steer regulation towards dealing with the systemic risks in the financial sector as a whole’ and not as isolated parts, argues director
Rajan catches markets off guard with unscheduled rate cut
Markets get ‘pleasant surprise’ as Reserve Bank of India unveils a rate cut outside its normal policy schedule; analysts predict further cuts to come
Bundesbank paper: German banks use specific loan loss provisions counter-cyclically
Banks increase level of loan loss provisions during upswings and decrease them during downturns, authors find; contrasts with results from other countries
Bank of Russia hires deputy to head up monetary policy implementation
Dmitry Tulin returns to the central bank as first deputy with responsibility for monetary policy; Ksenia Yudaeva will now focus solely on financial stability
Ireland’s Honohan: organisational structure to be ‘thoroughly overhauled’
Central Bank of Ireland governor details ongoing efforts to rectify the regulatory failings that led to the 2008 crisis in the country's banking system
People: Sri Lanka gets new governor, Albania 'very close'
Arjuna Mahendran appointed governor of the Central Bank of Sri Lanka following elections last week; Gent Sejko on track to become Albanian governor, says spokesperson; and more
Slovenian paper examines government spending in a monetary union
Government consumption expenditure can have’ strong effects’ on private consumption and output in a small and open economy within a monetary union, research finds