China
China launches large-sum cash oversight trials
PBoC will run pilot tests on cash withdrawal monitoring, in crackdown on illicit activity
Hidden money creation is impacting policy, PBoC economist warns
“Banks’ shadow” hampers monetary and financial stability policy, Guofeng Sun says
Turkey and Russia continue expanding gold reserves
Central banks purchased 156 tonnes in third quarter of year, 38% less than a year earlier, WGC figures show
What is behind China’s digital currency aspirations?
The PBoC sees CBDC as a means of riding the wave of digitisation, and potentially challenging the US dollar’s dominance, writes Hui Feng
Trump’s trade war is squeezing US profits – IMF paper
Retailers kept prices unchanged and exporters cut theirs, Gita Gopinath and co-authors find
ECB and PBoC renew bilateral currency swap
Euro-renminbi currency swap agreement will stay in place until October 2022
King calls for radical shake-up to escape ‘low-growth trap’
Central bank models fail to appreciate demand-side secular stagnation; IMF could help to drive country-specific policies to reallocate resources
‘Hegemonic digital currency’ could help fix global system – Carney
Using CBDC to facilitate online sales could bring about more rapid change, governor says
Tackling ‘dead-end’ monetary policy
A shift to lower inflation targets would help central banks escape forever-loose monetary policy, writes former IMF chief Jacques de Larosière
PBoC says its bills are better tools than bonds for China
Central bank bills will play a bigger role in stabilising yuan exchange rates, suggests PBoC research note
IMF warns of ‘synchronised slowdown’ as it cuts forecasts
Fund revises down growth prospects for 2019–20 and calls for action on financial vulnerabilities
MAS makes rare policy tweak amid slowing global economy
MAS targets slower appreciation of Singapore dollar, the first such easing in more than three years
There are better ways to solve China trade dispute – Atlanta Fed economist
It is “underappreciated” that the Chinese currency is devalued, Tao Zha says
Big tech: a threat to banks?
The explosive growth of financial services offered by big tech companies in China offers important lessons
BSP governor rules out Philippines involvement in Asian currency war
Rate cuts by Central Bank of the Philippines due to ‘domestic factors’
BSP’s Diokno on forward guidance and cutting reserves
The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates
Creating trust in money in a data economy
The NDB’s compliance chief, Srinivas Yanamandra, speaks about the need for new approaches to regulating digital currencies, distributed ledgers and deep-learning algorithms
Seven threats from big tech’s libra
Can central banks avoid a ‘big tech’ monetary meltdown?
Finnish paper looks at Chinese currency swap agreements
Bilateral swap agreements increase settlement of trade transactions in renminbi – researchers
30 years of central banking
Central banks face credibility tests on a number of fronts
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
Overseeing China’s payments revolution
The PBoC has tried to strike a balance between facilitating bigtech innovation and reining in risks, amid an explosive growth in mobile payments
Five insights into China’s green finance transformation
China’s top-down, state-directed mechanism may be the most effective way to embed green finance in a timely manner, writes the PBoC’s Ma Jun
China lowers reserve requirements after premier’s intervention
PBoC cuts reserve requirement by 50bp to boost lending, its third move this year