European Central Bank (ECB)
ECB paper finds rich to be richer than previously thought
ECB working paper uses rich lists to estimate wealth concentration, overcoming 'differential non-response' problems; finds wealth even more concentrated than traditional surveys show
ECB sets out plans for disclosing comprehensive assessment results
European Central Bank on course to publish findings from its asset quality review and stress tests in late October; reveals the template it will use for disclosing the results
ECB sees no clear rival to US dollar as global currency
ECB article says a ‘multi-polar’ system with ‘several international currencies playing consequential roles’ is a more likely outcome than an out-and-out replacement for the dollar
Bulgaria turns to the ECB in wake of bank failures
Collapse of Corporate Commercial Bank revealed extent of supervisory shortcomings that IMF warned of 15 years ago; Bulgaria now wants to join ECB's Single Supervisory Mechanism
Draghi lays out views on structural reforms for new European Parliament committee
European Central Bank president Mario Draghi calls on MEPs to ‘seize the opportunity of a new parliament’ to consider how they might ‘develop the architecture of our Emu’
IMF steps up call for QE in Europe
The European Central Bank should launch a large-scale asset purchase programme if inflation does not pick up; IMF staffers untroubled by risk of asset bubbles
Forecasting of ECB and New York Fed became ‘noticeably worse’ during crisis
Researchers at the ECB and New York Fed examined forecasting performance of their central banks; finding they suffered during the crisis, but not more than external parties
ECB finds Phillips curve 'insufficient’ to forecast inflation
Article in latest ECB monthly bulletin finds evidence of a ‘curve-type relationship’ between inflation and economic slack, but the specification is ‘subject to considerable uncertainty’
Draghi: structural reforms are too important to leave to member states
Mario Draghi calls for new European rules that would compel eurozone member states to reform their economies; Benoît Cœuré describes it as ‘convergence process 2.0’
Incoming BoE deputy Shafik says SSM makes working with ECB more important than ever
Minouche Shafik says single supervisory mechanism will improve co-ordination with Bank of England, but that it is too early to tell whether 'huge' project will be successful
Noyer backs ECB minutes to shed light on ‘complex’ monetary policy
Banque de France governor Christian Noyer explains why the ECB should start publishing accounts of its monetary policy discussions, but stresses need to preserve ‘collegiality’ on the council
Lautenschläger sees TLTROs impacting real economy from next year
Executive board member warns targeted lending programme will ‘take longer’ than other policies to work through economy; markets question whether banks will demand the estimated €1 trillion
Gualtieri elected chair of ECB watchdog committee
New Econ Committee members approve Italian socialist as chair; Gualtieri faces an early test of his composure as German politician Bernd Lucke is rejected as vice-chair
Lagarde highlights threat of renewed EM volatility
IMF director lauds ECB assault on low interest rates and highlights importance of central bank communication as Federal Reserve continues to taper
ECB's Cœuré says German lowflation threatens to trigger eurozone ‘race to the bottom'
Executive board member argues bank's June measures were necessary as Germany plays a 'benchmark role for peripheral countries in correcting their imbalances'
ECB cuts frequency of monetary policy meetings
The governing council will set policy once every six weeks from January 2015; when combined with new rotation system national central bank governors will only vote six or seven times each year
Italian socialist tipped to lead ECB-watching Econ Committee
Roberto Gualtieri likely to be elected as chair of the Econ Committee next week in the European Parliament, making him the chief point of contact with the European Central Bank
Irish brief examines relationship between rate changes and bond yields
Economic letter published by the Central Bank of Ireland compares the impact of rate changes on bond yields in the eurozone and Switzerland
Financial stability reports to become ‘a lot more important’
New research highlights ‘sizeable effects’ of financial stability reports on stock markets; speeches have become more influential since the crisis but this is unlikely to last
Irish central bank will ‘change structurally’ before SSM
Cyril Roux says the Central Bank of Ireland will make organisational changes in the coming months as it looks to accommodate the Single Supervisory Mechanism
Macro-prudential research builds ‘analytical foundation’ for EU policy
A European System of Central Bank’s research network reports on four years of work; Vitor Constâncio says policy-makers will still need ‘trial-and-error approaches’
IMF says ECB should 'consider' buying eurozone government debt
International Monetary Fund encourages European Central Bank to launch large-scale asset purchase programme if inflation ‘remains stubbornly low’
Robert Pringle’s Viewpoint: Coping with capital flows
All nations face major challenges dealing with capital flows. In the absence of systemic reform to monetary and exchange rate systems, central banks will need to patch and mend where they can
Carney leads central bankers in open mouth operations
ECB policy-makers make the most speeches by far, but a broader trend towards more frequent communication is confirmed by CentralBanking.com research