Central Banks
“What would Allan say?”
Central Banking Publications founder Robert Pringle finds pearls of wisdom in his email correspondence with the late Allan Meltzer
Maltese banks’ assets rise as loans fall, central bank says
Assets pushed up by growth in mortgage and placements with eurozone banks
Fed issues guidelines for joint accounts with private banks
Initiative aims to create more efficient US payments system
Islamic State looted $800m in funds, says Iraqi central bank
IMF says central bank cannot avoid financing government deficit
Food prices are boosting inflation, Ukrainian central bank says
Pressures are expected to moderate in second half of 2017, says NBU
Fed and FDIC extend resolution plan-filing deadline for banks
Nineteen foreign banks granted more time were already given one-year extensions in 2016
Credit spreads’ limited use as short-term predictors – paper
Researcher examines the accuracy of three sets of credit spreads
Kansas Fed paper looks at impact of recessions on US workers
Participation rate of “prime-age” workers most likely to vary with business cycle, paper says
BoE’s ‘difficult decision’ to stick with animal fat substrate
UK central bank rejects the palm oil alternative, despite successful trials; the decision is based on cost and sustainability concerns
Shadow banks ‘interfere’ with macro-pru – paper
Institutional function should determine whether institutions are regulated, say researchers
BNM warns banks not to trade offshore in Malaysian currency
Malaysia's central bank says banks should not trade in futures in Singaporean exchanges
Esma backtracks on account segregation
Esma opts for minimum EU-wide account segregation requirements
Where have all the women gone?
The number of women working at central banks has increased substantially, but a glass ceiling appears to remain for those reaching for senior management positions
Record-high FX reserves prompt new questions for SNB
Reserves reach $734 billion as Swiss franc depreciates against euro
People: IMF official appointed Bank of Ghana deputy; new communications chief for BoE
Former IMF official appointed first deputy at Bank of Ghana; BoE forecasting chief moves into new communications role; and more
Spanish paper looks at business cycle’s effects on industry
Industries are not moving uniformly to cohesion with the business cycle, says paper
Negative rates have not hurt Swedish/Danish profits – paper
But developments in housing markets deserve caution, say researchers
Book notes: The Spider Network, by David Enrich
A thrilling exploration of how currency trader Tom Hayes and confederates managed to corrupt the UK banking system in what has become one of the largest financial scandals in history
BoE to appoint ‘conflicts officer’ following review
Compliance review revealed there was a lack of understanding around reporting conflicts of interest; under new framework senior officials will have to report annually
San Francisco’s Williams: monetary policy has reached ‘limit’
Monetary policy has done all that it can to foster growth, says San Fran president, calling on fiscal policy to now “step up”
IMF issues advice on Botswana’s sovereign fund
Rules should govern withdrawals from government’s account, IMF says
Fiscal multipliers significantly higher at effective lower bound, paper says
Researchers use data from 17 advanced economies for the period of 1960–2015