Articles by Christopher Jeffery
Central bankers face tough monetary policy dilemmas
Central bankers around the world need to rethink their approaches to monetary policy
OECD’s William White fears global economic system is still highly unstable
William White tells Christopher Jeffery he is wary of placing too much reliance on the ‘science’ of monetary or regulatory policy. He also believes the world economic system is still out of balance
GCC states need to jettison ‘destabilising' US-dollar pegs, says Qatar's Al Khater
Oil-rich Gulf states should peg currencies to crawling trade-weighted baskets as US demand becomes less of a factor in driving oil prices, says Qatari central banker
Central Bank of UAE set to bolster ‘under-developed' local bond market
UAE has looked to economies with strong trade balances as role-models to help develop a domestic bond market; may issue government debt in the coming years
Carney defends Bank of England’s forward guidance
Bank of England governor defends use of state-contingent forward guidance despite bond market reaction; concern rises about mixed policy message
Getting to grips with monetary policy?
Global co-operation on monetary policy remains out of reach
Central Bank of Peru’s Julio Velarde on the impact of Fed tapering
Peru is more insulated against shocks to its financial system than in the past but managing uncertainty has never been tougher, Central Bank of Peru governor Julio Velarde, tells Christopher Jeffery
Nalm Asia 2013: Central banks should to look to ‘complexity science' to model economic systems
Central banks need to rethink their approaches to modelling financial markets if they want to deploy better predictive models in the future, according to speakers at Nalm Asia 2013
Nalm Asia 2013: Asia ‘not shaken' by QE exit talk, says the Philippines' Tuano-Amador
A combination of macroeconomic and macro-prudential tools should enable policy-makers in Asia to deal with large fund flows linked to an end of quantitative easing, says Philippines assistant governor
Central bank statistics departments facing multiple strains, says ECB’s Schubert
Meeting new monetary, micro-prudential and macro-prudential data requirements is a major burden for central bank statistics departments, says ECB statistics head Aurel Schubert
Chinese banks may face shadow finance credit crisis, say rating agencies
Strong links between the regulated and unregulated credit sectors in China due to the use of wealth management products and lending to shadow banks pose a systemic threat to Chinese banks
Carney's Bank of England should seek closer ties with ECB, says MEP Bowles
Sharon Bowles will raise issue of European co-operation at her first meeting with Mark Carney - saying it is even more of a priority now Paul Tucker is leaving
Bowles: Give ECB its ‘smoke and mirrors'
ECB's chief inquisitor says central banks must retain 'a certain amount of mystery' to keep fiat monetary systems going; interaction between ECB's monetary and supervisory arms will be 'difficult'
Fischer gives high marks to Bernanke and Draghi
Outgoing Bank of Israel governor Stanley Fischer believes the world owes a great debt to Fed chairman Ben Bernanke and praises ECB president Mario Draghi; says Israel can live with side effects of QE
Bank of Israel’s outgoing chief, Stanley Fischer, on the challenges of central banking
Stanley Fischer believes his work as governor of the Bank of Israel is done. He tells Chris Jeffery about the reform process in Israel as well as the challenges facing the world economy and the IMF
FDIC’s Thomas Hoenig on bank separation, safety nets and Basel III
Hoenig tells Christopher Jeffery that Basel III is flawed, universal banks require legal separation, financial safety nets need cutting and monetary policy should move to non-zero interest rates
Central Bank of Iceland’s Már Guðmundsson on crisis management and capital controls
Lessons learned from Iceland’s crisis resulted in the IMF changing its rulebook on the use of capital controls. But the country’s change in fortunes is no ‘miracle’ (scroll down for interview).1
UK gears up to new era of prudential regulation
The UK will adopt ‘twin peaks’ supervision in April in a bid to restore integrity to its financial system. Chris Jeffery talks to the Bank of England’s Sarah Breeden about the challenges ahead
Calomiris unveils ‘Sword of Damocles’ CoCo to hold over CEOs
Columbia academic and ESRB committee member Charles Calomiris believes CoCos designed to force top bank executives to issue equity well before they are triggered would reduce systemic risk
Donald Kohn on the Fed and fixing the global financial system
Donald Kohn talks to Christopher Jeffery about the Fed’s role in the crisis, changes in central bank mandates and exit strategies, and regulatory efforts to clean up the financial system
Bank of Finland's Erkki Liikanen on bank separation in Europe
Bank of Finland governor, Erkki Liikanen, tells Christopher Jeffery why he believes the separation of ‘risky’ activities at banks represents the third leg to ensure financial stability in Europe
ECB in danger of being forged from fiscal fragility
Mario Draghi has made his mark at the helm of the European Central Bank. But Europe also needs a core set of values that must not be violated
Bank manager and shareholder personal liability rules debated at Giff 2012
Comments by Turkish deputy prime minister sparked debate at Giff about the use of personal liability as a method to ensure shareholders take their role seriously and moderate the actions of bankers