Central Banks
Monetary policy and financial stability intrinsically linked: ECB’s Praet
European Central Bank executive board member Peter Praet, says central banks must lean against, rather than clean-up, imbalances under new financial stability paradigm
German banks face new set of risks as contagion spreads across Europe
Bundesbank 2011 Financial Stability Review says Germany’s banking system will face new burdens as sovereign debt crisis in Europe intensifies
Israel Administrative Council holds first meeting
Bank of Israel holds first Administrative Council meeting after lengthy delay in appointing external members
Zambia governance void continues
Bank of Zambia website lists every position on the board of directors as “vacant”; still no new governor after Caleb Fundanga was fired
When private shares meet public interest
Jannie Rossouw and Adèle Breytenbach look at a unique group of central banks: the eight that are privately owned.
The gathering storm
Solving the financial crisis increasingly looks beyond the reach of monetary and financial policies, writes Ludek Niedermayer. Worse could follow in 2012 for central bank balance sheets, he warns.
Held in reserve
Gary Smith says it is time for central banks to define what they want from reserves and reserve managers.
Hong Kong: where next?
Can the symbiotic relationship between Hong Kong and the renminbi continue? Chen Chao looks at the potential for growth – and competition.
Beijing’s second thought
Hui Feng examines the political calculus behind increasing international flows of China’s currency.
Tracking China’s currency
Ren Kangyu looks at how China’s currency has extended its reach beyond the mainland in the short space of seven years.
The G-20 and the dollar: what’s new?
Reform of the international monetary system is overdue but the pace of change is too slow, says Ousmène Jacques Mandeng.
The end of a monetary phenomenon
A gold-backed currency is the only viable alternative to failing fiat money, argues Kevin Dowd.
In gold we trust
Judy Shelton makes the case for the US government to issue bullion-backed bonds.
The case for a real SDR currency board
An enhanced special drawing right, backed by a basket of goods, would provide the global currency the global economy craves, argues Warren Coats.
Interview: Alan Bollard
The governor of the Reserve Bank of New Zealand discusses the fallout from the financial crisis with Blair Baker.
Lorenzo Bini Smaghi to leave the ECB
Lorenzo Bini Smaghi will join Harvard University’s Center for International Affairs in January; ends term at ECB more than a year early
Papademos confirmed as Greek prime minister
Former ECB vice-president chosen as prime minister in new coalition government; news received well as stock market jumps
Lagarde holds crucial talks with Beijing
IMF managing director Christine Lagarde meets Chinese premier Wen Jiabao to discuss the country’s economic response to the global slowdown; warns international economy could face lost decade of growth