Central Banks
Curaçao and Sint Maarten proposes 2021 for new currency launch
Caribbean guilder introduction hinges on governments agreeing on new monetary union
Uneven technology adoption behind low productivity and wage growth – RBA research
High-productivity firms are reducing prices and increasing profits rather than boosting salaries
Globalisation becomes more divisive as it advances – Dani Rodrik
Harvard economist says gains from trade may not outweigh redistributive problems
Stronger macro-prudential intervention may be needed – Minneapolis Fed paper
Shadow banking sector takes greater risks in times of stringent macro-prudential policy for banks, researcher finds
RBI’s Patel stresses value of ‘preventive vigilance’
Good outcomes more likely when actions subject to scrutiny, governor says
Central banks accelerate gold purchases in 2018
This has been the strongest period of gold buying since 2015, WGC says
Caputo quits as Argentina central bank chief
Former finance minister cites ‘personal reasons’ for departure after just three months, but speculation over future of monetary policy may have been a factor
EU countries to build payments link with Iran
“Special purpose vehicle” designed to allow “legitimate business” with Iran, despite US sanctions
Podcast: Croatia’s Željka Majher says central banks should set diversity goals
Director of HR at the Croatian National Bank is against numerical gender targets, but says a diversity goal could help increase the pool of candidates central banks hire from
RBI prepared to step in as non-banks suffer liquidity shortage
Government and regulators stress readiness to act amid non-bank liquidity pressures
Turkey reinforces monetary tightening with fiscal caution
New economic plan considered appropriate by analysts, but currency instability remains
Payment costs down 50% in Denmark
Cash usage declines to the same level of credit cards, official survey says
Female regulators increase stability of the financial system, IMF paper finds
IMF research: including women in the regulatory process has benefits “beyond” equality
IT failures reveal vulnerabilities in UK banking system
Barclays and NatWest are latest victims of internal failure
BIS paper finds sound economy may not prevent capital outflows
Emerging markets could use pre-emptive macro-prudential policies to safeguard against capital outflows, researchers say
EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
Barroso’s decision not to take legal action against Cyprus for undermining the independence of the central bank damaged the ECB’s authority and emboldened others, claims former CBC governor
Booming US economy set against ‘fragile’ markets – BIS review
Fiscal stimulus on top of loose financial conditions in the US continues to pile pressure on emerging markets, the BIS warns in its latest quarterly review
Reserve management practices are splintering
Traditional approaches to reserves management are breaking down, writes Jennifer Johnson-Calari