Central Banks
ECB paper attempts to measure spillovers from Fed policy
Authors use asset price data to estimate global effects of FOMC moves
New Zealand’s government returns central bank to single mandate
New coalition government says Labour’s shift to a dual mandate in 2018 was “a mistake”
Bank of Canada maps path to ‘fourth-generation’ models
Officials plan to create new workhorse model backed by variants focusing on key topics
CFTC sounds alarm on clearing capacity
US regulator warns porting cannot be guaranteed in the event of a large member default
Argentine government devalues peso and replaces governor
Finance minister announces austerity as IMF welcomes new president’s early moves
Bolivia reserves shortage worsens
Fuel runs short as ex-governor says government “does not want to recognise” crisis
CGFS draws lessons from 168 years of macro-pru policy
Controlling housing market risks can force authorities into difficult political economy terrain
Dubai creates new sovereign wealth fund
Dubai World “will be affiliated” to new investment arm
Riksbank’s Bunge warns weak krona boosts inflation
Deputy governor stresses monetary policy is working, but risks persist
BCRA requires prior approval for all FX requests
Virtual freeze on exchange as Pesce and other directors make way for Milei’s picks
RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
Higher rates will push up firms’ debt costs gradually, says research
Authors warn that financial vulnerability could stem from higher for longer rates
Indonesia and South Korea to launch cross-border settlement
Bank Indonesia has been a leader in boosting the use of local currency for cross-border trade
Brazil’s Pix reaches new record 163 million transactions in a day
Central bank launched instant payment system three years ago
Myanmar lets kyat float
Central bank also reduces requisition of foreign currency as war goes badly for junta
Obstfeld argues central banks’ rate models are ‘conceptually flawed’
Former IMF chief economist says rates could soon return to the effective lower bound
Zimbabwe announces name of next central bank governor
Mushayavanhu will take over next year, ending Mangudya’s decade as RBZ head
Sooner or later, Argentina should dollarise
Dollarisation would be straitjacket, says Steve Kamin, but still looks preferable to the other options