Central Banks
Return on foreign assets partly offsets trade imbalances – research
Emerging economies can recover from current account disequilibrium faster than reserve currency issuers
Major central banks call for concerted action on climate change
“Transition risks” are the most challenging for financial institutions, Carney says
Estonia and Denmark hit by money laundering scandals
Danske Bank says it should have acted faster on allegations
RBA paper offers new way to add housing sector to DSGE models
Authors find their model delivers “reasonable” forecast performance
Fed’s Powell emphasises ‘patient’ approach to policy
Fed chair acknowledges very low unemployment has been accompanied by other signs that the labour market may be operating below potential
BoE goes granular with data experiment
UK central bank announces successful data proof of concept looking to store, organise and combine data based on the XBRL standard
Financial literacy is ‘essential’, says Fed’s Bostic
Atlanta Fed president says financial literacy is key component to achieving employment mandate
UK regulators count cost of Brexit work
PRA and FCA devote additional resources to handling UK’s withdrawal from EU
ECB asks European Court of Justice to rule on barring of Latvian governor
ECB says Latvia’s authorities have effectively removed Rimšēvičs from office
Iceland is ready to drop final capital controls – Guðmundsson
Icelandic governor says economy is sturdy enough to allow the removal of the remaining controls
No one can win a trade war, says Benoît Cœuré
Senior ECB official says US growth could be cut by 2.5% by tariff hikes
Growth in the digital economy has scrambled statistics – IMF paper
Countries may have been understating GDP growth, while overstating inflation, IMF analysis reveals, as digital products skew prices
Bank of Uganda governor hits back at mismanagement claims
Central bank and government ombudsman are locked in conflict over a staff reshuffle
Fed’s risk proposal puts banks on the defensive
New supervisory guidance will make business heads responsible for risk management
High-denomination notes still needed, says De La Rue
Banknote firm says high denominations make up an increasingly large proportion of banknotes in circulation thanks to inflation