Central Banking
Danish central bank may tighten house lending rules
National Bank of Denmark recommends that FSA reimpose countercyclical buffers
Fed’s Quarles says time is coming for taper talk
St Louis Fed’s Bullard says it is “too early” to talk of tapering asset purchases
Diem says it will ‘fade out’ stablecoin if Fed issues CBDC
Chief economist of Facebook-backed firm says public sector has “comparative advantage”
Inequality can worsen recessions – BIS paper
But authors say there is little evidence that income inequality affects consumption in normal times
Bolivian central bank to buy local gold
Government initiative aims to prevent smuggling
Considerations for investing in emerging market debt
Luther Bryan Carter and Michael Cross delve into common considerations for central banks looking at investing in emerging market debt
ECB should adopt symmetric 2% target with AIT – US economist
Academics and former officials say ECB’s new policy framework needs to be nimble to react more quickly to inflation changes
Time series models need adapting for Covid-19 shock – ECB paper
Authors explain methods for making Phillips curves and VAR models more robust
MAS partners with financial inclusion foundation on digital currency system
Central bank officials will sit on the Mojaloop Foundation’s management boards
Bank of Korea to start CBDC trial in August
Central bank opts for two-tier model for retail digital currency
Sarb conducting feasibility study for retail CBDC
Central bank to investigate issuance of a “general-purpose” complement to cash
People: Erdoğan fires deputy governor
South Korea appoints new sovereign wealth fund chief; Fed lawyer moves to OCC; and more
Communication needs to be adapted for different audiences – RBA research
Producing information in different formats may improve success of economic communication
Leading Republican alleges Fed overreach on race
Toomey writes to regional Feds about “recent, intense interest in ‘racial justice’ activism”
Brazilian central bank publishes CBDC guidelines
Model under consideration would be intermediated by national financial system
Tunisian governor warns IMF aid is needed to stop ‘explosion’
Abassi tells lawmakers to accept tough reforms or face “Venezuelan scenario”
EBA finds ‘big differences’ in use of EU green taxonomy
Risk-mapping exercise finds average “green asset ratio” of 8%
Firms are ‘inattentive’ to inflation and monetary policy – NBER paper
Authors present new survey data indicating firms’ expectations are “anything but anchored”
Bahrain accuses Iranian central bank of money laundering
Prosecutors allege Iranian officials were involved in laundering around $1.3 billion to dodge sanctions
Mexican president says he will not renew governor’s mandate
President questioned why central bank could not transfer executive 2020 operational profits
DNB acknowledges crypto KYC requirements were unlawful
Netherlands Bank reverses decision to mandate adherence to Sanctions Act
IMF proposes $50bn plan to ‘end the Covid-19 pandemic’
“Upfront” financing is needed to accelerate vaccinations, say Georgieva, Gopinath and Agarwal
Leverage ratios fall for most US bank categories
Kansas City Fed report finds G-Sibs increased capital buffers, mainly due to SLR exemption
Reserve management in China: foreign reserves, renminbi internationalisation and beyond
Hui Feng explores how China has managed its reserves over the past decade, detailing the dynamics of the PBoC's investment strategy and how reserve management has impacted monetary policy