Central Banking
Material world: the enduring appeal of paper banknotes
Central banks have used space-age polymers to make banknotes for decades. So why does paper remain predominant in banknote production?
Poland continues tightening in new year
Central bank adds 50bp to rates, the fourth increase in a row amid high inflation
South Sudanese president fires governor for fifth time
President again dismisses governor as country’s economic crisis continues
Mexican government announces CBDC for 2024
Bank of Mexico has yet to comment publicly on the initiative
Bank of Canada paper proposes ‘expiry date’ on offline CBDC
CBDC could have expiry date to help consumers recover lost money, authors say
RBI flags ‘emerging signs of stress’ in small firms
Stress tests indicate rise in Indian non-performing assets likely in coming months
BoE to publish ‘pop-economics’ book
‘Can’t we just print more money?’ is latest step in educational push by central bank
Dominican Republic ends 2021 with 100bp hike
Central bank returns rate to pre-pandemic level as economy and inflation steadily grow
The longest book ever written?
The Single Rulebook on EU financial regulation is a serious contender for the prize of the longest book ever written. But will it deliver a safer and better financial system?
2021: The year in review
The year has seen central banks switch from recovery mode to battling inflation. Central Banking looks back at the stories that made the biggest impact in 2021
IMF finds Argentina bailout ‘did not deliver on its objectives’
Largest-ever IMF loan was ineffective and “not sufficiently robust”
BIS paper says investors can cut carbon footprint ‘with relative ease’
Passive investors can achieve substantial carbon reduction with simple approach, authors say
IMF makes vaccinations a key focus for 2022
Work programme says fund will try to push forward efforts to “vaccinate the world”
Czech policy rate continues ascent
Divided central bank board orders 100bp hike, the fifth consecutive increase
Afghanistan’s frozen assets trigger controversy as harsh winter looms
Cash that is “desperately needed” by ordinary Afghans remains frozen in overseas central bank accounts
GFXC names SNB’s Maechler as new chair
Swiss central banker succeeds Guy Debelle
Turkey’s Dornbusch moment
Turkey’s new deposit scheme sets the stage for hyperinflation, writes Barry Eichengreen
Former Suriname governor sentenced to 12 years
Gillmore Hoefdraad fled country to avoid trial in case involving another former governor
BoE paper warns of ‘non-standard errors’
Researchers may introduce additional errors to data samples through their analysis
Bank Indonesia launches fast payments system
Central bank is conducting an overhaul of all its main payments systems
US prime fund swing pricing proposal sparks industry alarm
Some fear SEC rule would repel investors; high liquidity requirements could make funds uneconomic
Paraguay orders third 125bp hike
Central bank cites inflationary pressures and says monetary policy is still “accommodative”
Turkish lira rises as central bank launches ‘incentive’ scheme
Selling pressure eases as new facility unveiled, but outlook remains uncertain
How to solve the payments privacy paradox
Anonymous CBDC has major drawbacks, but privacy in payments can still work, says Dave Birch