Central Banks
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
ECB rejects amendment from EU institutions on CCP regulation
Proposed changes would ‘distort’ ECB’s request for change, Draghi says
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced the Fed’s introduction of the IOR prolonged the recession, but credits Selgin’s argument the IOR policy made the central bank a more powerful credit lender
IMF demands Ecuador end monetary financing
Central bank will need to cover liabilities vis-à-vis banks with international reserves
Carolyn Rogers to take over as Basel Committee secretary-general
William Coen to step down this year after 20 years with the committee
EU must prevent large firms dominating markets, Praet says
ECB chief economist warns market concentration may have serious macroeconomic effects
Podcast: Greg Kaplan on heterogeneous-agent models
Monetary and fiscal policy are much more closely connected than many central banks would like
Boston Fed research encourages tokenisation for ecommerce
Payment method could reduce fraud, paper says, given account information is removed from the process
Brexit coin may have to be redesigned amid delay
The coin face is stamped with a message and the UK’s expected departure date
Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
Major economies outside eurozone to ‘modestly’ decelerate – ECB
Slow growth rates since the “great recession” may point to fall in potential growth, say researchers
Swiss National Bank sharply lowers inflation expectations
Central bank may have reached limits of monetary policy, observer argues
BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty
Norwegian central bank hikes rates as inflation rises
Central bank increases the policy rate by 25 basis points to 1%, despite global uncertainty
UK and EU agree template for no-deal Brexit supervision
Template sets out basis for supervision rules under no-deal Brexit, with deadline little more than a week away
FOMC cuts rate projections as Powell warns of slowing growth
Federal Reserve’s rate-setting body projects slower inflation, higher unemployment
People: Malpass emerges as sole candidate for World Bank president
Bank of England extends Martin Taylor’s time on financial policy committee