Federal Reserve Bank of New York
Economics in central banking: Wenxin Du
Du’s work clarifies the dollar’s role as a barometer of global markets, and explores the myriad implications for financial stability
Central bankers see ‘potential’ in stablecoins
But John Williams, Cecilia Skingsley and Perry Warjiyo warn such systems must be better regulated
US short and mid-term inflation expectations fall, says NY Fed
But housing price expectations rose 0.5% in January
How Afghanistan’s central bank can help prevent famine
Rules could be devised to allow the New York Fed to ease the acute US dollar banknotes shortage, writes Warren Coats
People: RBNZ completes leadership reshuffle
RBNZ sources assistant governor from private sector; Basel Committee names-secretary general; and more
People: Arce to lead ECB economics directorate
SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more
Reserve Benchmarks 2021 report – executive summary
Findings on liquidity management, strategic asset allocation, technology resources and green investments
US records highest CPI inflation rise since 1990
NY Fed detects slight rise in short-term consumer inflation expectations as real wages fall
New York Fed opens new research centre
Marco Del Negro will lead work on research methods and issues in macroeconomics
US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
FOMC doubles ceiling for reverse repo bids
Participating institutions can now borrow up to $160 billion per bid
Pandemic Treasuries market calmed quickly – research
Dallas Fed analysis finds “headwinds” early on, but not lasting pandemic disruptions
Fixing market-based finance: duct tape or deep reform?
Central banks are increasingly having to act as market-makers of last resort. But deeper reforms may be needed to avoid stretching their balance sheets to breaking point
Taliban unlikely to gain immediate access to most DAB assets
Likely asset freeze and fall in currency may lead to hyperinflation, analyst warns
Third parties often develop RTGS technology
Seventy-one percent of respondents said the technology underpinning their RTGS system was developed solely by a third party or in collaboration with the central bank
Book notes: The pay off, by Gottfried Leibbrandt and Natasha de Terán
A timely introduction to and accessible survey of payment system developments
Fed reverse repo demand tops $1 trillion
New York Fed facility sets latest in series of record volumes
Sanctioned disobedience: the challenge of protecting whistleblowers
Most central banks have policies on whistleblowing, but practice and usage vary widely
People: New York Fed appoints new head of supervision
Diane Dobbeck to lead supervision group; Atlanta Fed hires chief strategy officer; Biden appoints assistant treasury secretary
Senior Fed officials differ on taper
Powell stands firm, but two regional presidents suggest a sooner-than-later approach
US faces surge in actual and expected inflation
Data shows 5.4% CPI inflation over past year and consumers expect 4.8% rise over next
NY Fed’s reserve repo facility marks new record
Banks and funds park almost $1 trillion with New York Fed accounts paying 0.05%
Demand for Fed’s reverse repo hits new record
FOMC increases interest rates on RRP deposits by 5bp, spurring new demand
Inflation expectations rising – NY Fed survey
Survey finds consumers predicting higher prices, but also better labour market conditions