Governance
Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
National Bank of Romania veteran governor speaks to Christopher Jeffery about the country’s shift to a market economy, challenges in the eurozone and independence in a ‘post-truth’ world
ECB queries changes to Austrian central bank law
But collapse of government puts future of draft law and identity of next governor in doubt
Kenyan president reappoints Njoroge as governor
Governor has been a fierce defender of Central Bank of Kenya’s independence
New Zealand opens formal inquiry into next Irish governor
Irish finance ministry makes no comment as former deputy says Donnery should have been appointed
Open letter calls for next BoE governor to ‘serve the whole of society’
94 signatories urge BoE to “evolve” to tackle major problems
ECB again criticises Slovene attempt to change central bank law
Politicians’ latest attempt to compensate bailed-in shareholders would break EU law, ECB says
Next Irish governor faces calls to resign in NZ scandal
Makhlouf said opposition politicians were using hacked data but information was freely available
Liberian president fires central bank leadership and board
Weah alleges major “irregularities” by central bank as former governor’s trial continues
BoE’s Broadbent receives renewed term
Deputy to serve further five years; new appointments made to central bank’s oversight body
Two top officials leave the New York Fed
Simon Potter and Richard Dzina step down after combined 49 years at the bank
People: Brazil likely to replace deputy with San Francisco Fed economist
Fernanda Nechio nominated for Brazilian central bank board; two appointments in Lithuania; Sarb fills sixth board position; Guy Debelle takes on Global FX Committee chairmanship; and more
Book notes: Currency, credit and crisis, by Patrick Honohan
Honohan brings an analytical eye to the measures taken to avert a deep crisis in Ireland
Curaçao central bank deputy director arrested for forgery
Arrest is part of an investigation into alleged money laundering, says public prosecutor
Smolii says central banks can learn from private sector communications
Central banks need a two-way dialogue with their “clients”, governor says; transparency has helped fight “downpour of fake news”
IMF paper urges central banks to seek wider audience
Central banks could do more to broaden their message, senior official says; financial stability communications still challenging
IMF publishes first review of programmes since financial crisis
Directors say growth assumptions are often unrealistic and call for closer look at debt restructuring
Book notes: The third pillar, by Raghuram Rajan
Rajan sets out an ambitious – but deliberately non-radical – manifesto for reform at the local level
ECB criticises revised Romanian tax law
New proposals could harm banks and distort lending, ECB says
Johannes Witteveen, 1921–2019
Witteveen headed IMF during one of the most turbulent periods in monetary history