Articles by Central Banking Newsdesk
IMF staff note: Structural reforms 'more desirable' than nominal wage cuts in Europe
International Monetary Fund staff note says ‘many reforms’ are still needed in deficit countries; highlights benefits of greater fiscal integration in longer term
IMF paper finds macro-prudential polices can help prevent liquidity traps
Researchers find that debt limits and insurance requirements can help prevent economic agents from accumulating excessive leverage and triggering liquidity traps
RBA governor questions impact of QE on risk-taking in real economy
Glenn Stevens says it is ‘hard to read’ whether the effects of QE are filtering through to the real economy; business capital spending remains low in many major economies
UK parliamentary report calls currency union with independent Scotland a ‘dead parrot'
There will be ‘no currency union of any kind - no ifs, no buts, no fudges, no deals', says chair of Scottish Affairs committee
SNB strikes deal to invest in Chinese bond market
Thomas Jordan and Zhou Xiaochuan establish new swap line in deal, which also permits the SNB to invest up to $2.4 billion in renminbi-denominated assets
French paper warns buffers ‘may not be sufficient’ to avoid credit crunch
Banque de France working paper finds an increase in market pressure to hold more capital can ‘limit the ability of banks to expand credit’ and trigger a crisis
BoJ board members fear structural problems behind sluggish exports
A ‘few’ members of the policy board are concerned that competitiveness issues are to blame for slow growth in Japanese exports
IMF paper attempts to pin down output gap
Members of the Fund's European department build new models incorporating financial frictions to estimate the output gap in the US during the Great Moderation and beyond
People: Emefiele to chair key WAMZ committee; BIS appoints chief rep for Americas
Godwin Emefiele elected as chairman of the West African Monetary Zone’s committee of governors; Spanish economist Enrique Alberola Ila takes BIS post; more
UAE central bank to put Braille on banknotes
Emirati authority joins Hong Kong in using feature rejected by the Bank of England and Bank of Canada, on the basis that not all blind people read Braille
Weidmann: ECB monetary policy has ‘done its bit', fiscal discipline must prevail
Deutsche Bundesbank president Jens Weidmann says central bank independence could be threatened by lax fiscal policy; says ECB is at 'outer edge of its mandate'
Lagarde: monetary and fiscal policy must nurture eurozone back to growth
IMF managing director Christine Lagarde warns Europe of vicious cycle of economic decline if low inflation, high debt and high unemployment persist
South Sudan to East African Community: ‘do not reject us’
East African Community sends 'high level technical mission' to South Sudan in first step of a accession process which it expects will be 'tedious'
ECB paper finds rich to be richer than previously thought
ECB working paper uses rich lists to estimate wealth concentration, overcoming 'differential non-response' problems; finds wealth even more concentrated than traditional surveys show
IMF economist analyses effect of floods and storms on Caribbean debt-to-GDP
Both storms and floods have a negative effect on growth, IMF economist finds, but only floods affect debt in the natural disaster-hit region
Fed's Fisher warns macro-prudential ‘Maginot Line' will not keep out another crash
Dallas Fed president Richard Fisher says macro-prudential policy will not be enough to preserve financial stability - calling for a shrinking of the Fed's balance sheet starting in October
Riksbank minutes reveal dispute over IMF and BIS advice
Top Swedish central bankers debate the relevance of IMF and BIS advice for monetary policy to fight financial instability; question value of input from officials that do not set policy themselves
Yellen tells Congress Fed is ‘most transparent in the world'
Fed chair Janet Yellen faces Congressman who wants to enforce rules-based monetary policy, telling him it would compromise central bank independence
ECB sees no clear rival to US dollar as global currency
ECB article says a ‘multi-polar’ system with ‘several international currencies playing consequential roles’ is a more likely outcome than an out-and-out replacement for the dollar
MAS launches consultation on tightening up money laundering controls
Monetary Authority of Singapore releases consultation paper on amending the rules aimed at cracking down on money laundering and financing terrorism
Polish financial stability goes from strength to strength, report says
National Bank of Poland financial stability report says banking system is more resilient than ever, but threats from the outside environment remain
Effective oversight needed to consolidate gains from mobile payments infrastructure
Increased diffusion of mobile payments in developing countries calls for better oversight, IMF paper says - recommending that central banks cooperate with other regulators
Suriname governor says deeper international connections increase contagion risks
Governor Gillmore Hoefdraad says debate over housing macropru and monetary policy at the same institution is over, but the evolution of the instruments is ongoing
Yellen endorses calls for ‘community banker' on Fed board
Fed chair Janet Yellen says legislating to earmark seats on the board would be a mistake, but agrees the board would be improved by the addition of a community banker