Central Banking
Oman finalises plan to modernise payments
Central bank hopes to bolster fintech within the country
Two-thirds of countries failing to meet global standards on inflation – IMF paper
More than half the world has not updated CPI weighting in the last five years, researchers find
Sovereign default risk affects bank assets – Bank of Italy paper
Researchers look at data on bank assets from 15 countries from 2004–18
Germany’s constitutional court rejects case against ECB supervisory powers
Plaintiffs claimed transfer of regulatory powers to European level was not covered by EU treaties
PBoC to rein in financial holding companies
New rules for financial conglomerates designed to contain risks to the real economy
IMF must do better in policing currency manipulation – RBI’s Das
Governor says shortcomings in IMF surveillance have led to US pressure on alleged manipulators
Turkish government may shift central bank to Istanbul
No official response to reports that finance ministry and central bank will move in next two years
BoJ ‘will not hesitate’ to ease further if risks crystallise
Central bank adopts dovish outlook, amid “significant” risks to economic activity and prices
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
The tricky business of electing a new IMF managing director
New leadership will face overrepresentation of advanced economies and possibility of dwindling resources
Ukrainian central bank to introduce IBAN for banking system
Use of system will bring Ukrainian banks closer to European Union practices
BoE to demand transparency on bank resolution plans
Central bank finalises framework for resolvability assessment
Proposal to axe Phillips curve triggers controversy
“One cannot just ignore an equation,” retorts Olivier Blanchard
Angola follows African trend of holding rates in surprise decision
Nigeria, Kenya, Egypt and Ghana have all held rates this month
Fed demands further analysis on HSBC resolution plan
Fed also questions six other large banks on assumptions made in plans, letters reveal
Bank of Russia cuts rates and warns of slowing growth
Central bank says further cuts possible as it warns of falling exports and weak investment
Cambodia launches blockchain-powered payment system
Central bank hopes to reduce money transfer costs and improve financial inclusion with the mobile-based system
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar
Fed researchers gauge tightening from balance sheet normalisation
Tightening is ‘modest’ compared to accommodation provided by asset purchases, researchers find
BoE signs up to LGBT charter
Inclusion is a “critical ingredient” to running a successful organisation, says Sarah Breeden
Gold accumulation after WWII driven by governors’ habits – research
Bretton Woods never worked as intended due in part to persistence of gold standard practices
Bank of Italy and state mint set up new company
Joint venture aims to become “centre of excellence” for printing documents with security features
Do stablecoins like libra differ from other crypto assets?
Sayuri Shirai assesses the implications of stablecoins for stability, monetary policy and regulation
BIS paper highlights new channel for Mundellian ‘dilemma’
Authors weigh financial channel as explanation for why trilemma has become dilemma