Central Banks
Argentina resumes forex interventions as peso rises
Central bank bought dollars in January to depreciate peso and keep it within non-intervention zone
Nicaragua’s central bank reserves fall 41%
Steep slide due to attempts to stem outflows of currency after political crisis
UK’s Link implements new fees in bid to halt ATM closures
Subsidy paid by banks to cash machine operators rises to up to £2.75
Tighter US capital ratios eased inequality – Bundesbank paper
Richer households’ incomes fell while Fed’s easing cushioned effects on middle and low earners
Debt growth a better warning signal than levels – BoE’s Broadbent
Deputy governor says countries with high debt levels did not necessarily suffer more during the 2008 crisis
Philippines’ Espenilla on indefinite sick leave
Deputy governors will rotate to perform his duties, central bank says
Bahamian financial sector shrinks by more than a third in six years
De-risking in international finance has disproportionately hit Caribbean banks, Rolle says; Bahamian banking reforms heighten concerns
Sudan central bank again pledges new banknotes as crisis continues
Rising prices fuel violence in capital as governor says he will seek foreign funds
BoE paper studies CoCo effects in ‘one-shot game’
Game theoretic approach suggests CoCos cut risk-taking in certain circumstances
Riksbank’s negative rates successfully passed through to economy – research
Findings contrast with recent work by Larry Summers and co-authors
RBI governor: India must ‘brace’ for global turbulence
Shaktikanta Das stresses need to stay firm on banks’ asset quality, despite earlier leniency
New chairman takes over at Bermuda Monetary Authority
Gerald Simons retires after six years in the post; chief executive now holds both senior posts
Paper proposes ‘re-engineering’ US statistics
System for compiling statistics is dated and overly complex, authors say
Fed launches banknote app for children
App provides details of security features, mimicking raised intaglio print through vibrations
Irish government nominates Philip Lane as next ECB chief economist
European governments have turned down two Irish nominations for senior ECB roles in last year
IMF expects global growth to slow further in 2019
“Significantly higher” and “increasingly intertwined” risks weigh on global growth, Lagarde says
Brexit unlikely to affect sterling’s reserve currency status
No-deal scenario could put major downward pressure on the currency
People: Albania appoints new deputy governor
Luljeta Minxhozi joins Bank of Albania; Netherlands Bank loses chief investment officer; Chile appoints first technology manager; and more
Innovation prompts firms to hold more cash – IMF paper
Firms must hold enough liquidity to insure against risky research and development