Central Banks
Obituary: William McDonough (1934–2018)
The former New York Fed president helped avert several crises during his time in office
Focus on implementing Basel III, central bankers say
Stefan Ingves stresses need for full and timely implementation, while Andreas Dombret says the time for lobbying is over
Consumption closely tied to house prices in Netherlands – research
Strong correlation attributed to structural features of mortgage market
HKMA exchange fund clocks 10-year high returns
Returns driven by strong global economy and financial markets; 7.1% figure highest since 2007
Ukraine raises policy rates in biggest tightening since 2015
Smolii warns government over need to agree terms with IMF
Sri Lankan inquiry says former governor may have acted criminally
Finance minister may have been “corrupt” and deputy governors were "negligent”, report says
SBP hikes for first time since 2013
Monetary policy committee acts to “pre-empt” the overheating of Pakistan’s economy
Risks to China’s financial sector are growing, ECB paper says
Banks are exposed to rapidly growing shadow banking sector, researchers say
Global influence on local financial conditions is stable, research finds
Share of financial fluctuations caused by global factors has not markedly risen in last two decades
Brexit could spell larger mandate for Bank of England – report
House of Lords report asks government to consider adding competitiveness to mandates of FCA and PRA
Commodity price dip ‘likely to persist’ – paper
Bank of Canada research examines how global real economic activity can be used to model commodity prices
Central Banking Awards: Ireland recognised for transparency
Central Bank of Ireland, Bank of Lithuania and BlackRock win awards
Finnish paper examines 19th century Chinese lending
Loans to officials show how banks can enforce repayment despite hostile legal environment
Spain’s de Guindos moves closer to ECB vice-presidency
Spain enjoys good relations with Germany, and lacks a top position in the EU
Central bankers assess markets’ reactions to policy changes
Benoît Cœuré warns of complacency among investors as central banks move to normalise
BoJ board notes disappointing inflation indicators
Low inflation and expectations in a “weakening phase” drag on BoJ’s policy outlook
BoE suffers transaction-processing glitch
“Regular” IT update led to failed wholesale transactions, although payment systems operated normally, the central bank says
People: US Senate confirms Powell as new Fed chair
PBoC’s Zhou Xiaochuan not included in key advisory body; Buhari set to appoint new deputy governor at CBN
Central bank communications risk circularity, says BIS paper
Policy communications influence market prices and market prices influence policy, warn Stephen Morris and Hyun Song Shin