Opinion
Initial optimism on Greek bailout may falter
Marco Annunziata, the chief economist at UniCredit, examines the reaction to, and implications of, the Greek bailout
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
Twenty years of Central Banking Publications
This anniversary was held on 24 March at the Reform Club. The guest of honour was Jacques de Larosière, who congratulated Robert and Central Banking on their achievement
European monetary fund won't pay
Marco Annunziata, the chief economist at UniCredit, argues against the creation of a European monetary fund
A welcome return to money
Central banks’ renewed in interest in the importance of money is to be applauded. But they must also consider the right money measure and how changes should impact policy, Gabriel Stein argues
How Africa’s bond markets can continue to progress
The impressive growth of debt markets in sub-Saharan Africa is a credit to the region’s authorities. But more can be done, writes Paul-Harry Aithnard, the group head of research at Ecobank
Three things you should know about Chiang Mai
The Chiang Mai initiative has cemented Asian financial stability. Jayant Menon, a principal economist at the Asian Development Bank, highlights three key themes to take from the project
No winners from Redrado’s row
The Central Bank of Argentina's conflict confronts the country with a Catch-22 situation from which the authorities cannot profit, argues Vladimir Werning, an economist at JP Morgan.
Obama’s proposals – the only game in town
President Obama’s radical proposals recognise that the financial lobby can no longer hold society to hostage. They should be welcomed as a result, Robert Pringle, the chairman of Central Banking Publications, writes.
Eurozone may need to rethink strategy on Greece
Brussels and the European Central Bank have underestimated the potential for contagion from Athens’s fiscal woes, argues Marco Annunziata, the chief economist at UniCredit
Inflation targeting remains relevant
Inflation targeting can and should survive recent criticisms, argues Don Brash, a former governor of the Reserve Bank of New Zealand – the first central bank to introduce the framework
Controls cannot curb currency appreciation
Emerging markets must recognise the need to let their currencies appreciate, Ousmène Mandeng and Jerome Booth of Ashmore Investment Management argue
Separating the casino from the retail bank will not work
A division between investment and retail banking will not prevent future financial crises, Clive Briault, the founder of Risk and Regulation Consulting and a former managing director at the Financial Services Authority, argues
FSA’s Turner is right to push for a Tobin tax
The financial sectors in mature economies grew too large in the run-up to the crisis. A Tobin tax can help prevent this from happening again, argues Costas Lapavitsas, a professor at the School for Oriental and African Studies
How narrow banks would fit in the financial system
Alessandro Roselli, a former official of the Bank of Italy, calls for a banking structure where narrow banks co-exist with commercial banks, properly redefined, and investment banks.
King is right to call for radical reform of banking
Bank of England governor’s desire for fundamental overhaul should be applauded, Robert Pringle, the chairman of Central Banking Publications, argues
A cynical view of the 2009 IMF/ World Bank meetings
Robert Pringle, the chairman of Central Banking Publications, sums up this year’s gathering in Istanbul
Communication in a crisis: some thoughts for central bankers
Citing the case of Northern Rock, Geoffrey Wood, a professor of economics at Cass Business School, calls for central banks to better prepare for their communications on financial stability
No, the markets are not in state of hysteria about US inflation
Brendan Brown, the chief economist at Mitsubishi UFJ, asks if fears of prices exploding in the US are as irrational as some suggest
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
Basel Committee gets it right
William Isaac, a former chairman of the Federal Deposit Insurance Corporation who now heads LECG Global Financial Services, believes the Basel Committee on Banking Supervision’s accounting guidelines have much to recommend them