Central Banking
Bundesbank paper presents new model of banks’ risk-taking
Traditional models make error in assuming that banks choose fixed-size portfolios, authors argue
Costa Rican central bank cuts rates for third time since March
Government supports efforts to stimulate credit by ‘cleaning’ credit records of 60,000 Costa Ricans
Weidmann accepts OMT as ministers discuss Draghi succession
Bundesbank president withdraws his opposition to OMT programme unveiled by Mario Draghi in 2012
Carney pledges BoE will shape ‘future of finance’
BoE considers innovations on balance sheet, SME credit and climate stress tests; Carney says BoE will approach Facebook’s Libra with “open mind”, not “open door”
Norges Bank hikes rates again, citing stronger growth
Governor says further rate rises likely this year as growth and inflation beat forecasts
Mozambique slashes rates to 13.25%
Inflation is falling, but IMF warns that after-effects of cyclones could push prices back up
Video Q&A: Richard Gilmartin, Wellington Management
Central Banking met with Richard Gilmartin, product manager, fixed income at Wellington Management, following his presentation at the National Asset Liability Management Conference in Mexico City about the opportunities for reserve managers to consider…
Fed eases regulatory burden for small US banks
Rule change introduces streamlined reports for banks with assets of $1 billion to $5 billion
‘Green bonds’ are helping firms clean up their act – NBER paper
But bonds only have a significant impact if they are independently certified, researcher finds
Fed opens door to future rate cut
Policy-makers adopt dovish tone, but choose not to cut yet
Euro internationalisation pushes ECB to rethink policy approach
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Ukrainian court bars central bank deputy governor from carrying out duties
Central bank says court ruling breaks law, as legal battle over nationalised lender continues
BoE’s Kashyap warns banks vulnerable to state-sponsored cyber attacks
FPC member says he is not sure banks are capable of defending themselves
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group, as crypto asset plans draw criticism in Europe and US
Akerlof warns economics is biased against methods seen as ‘soft’
Nobel prize-winner says bias leads to “sins of omission” in economic research
RBNZ highlights cash advantages as usage declines
New Zealand central bank aims to protect sectors of society more reliant on cash
Construction trends can predict yield curve inversions – St Louis Fed
Housebuilding expectations should be considered when forecasting economic activity, researchers say
Fischer warns Trump could sabotage Fed crisis response
Fed independence under “unprecedented” threat and second Trump term would harm US – Fischer
Canada not looking to change exchange regime in 2021 review – Schembri
Deputy governor highlights benefits to economy since adopting regime
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
Draghi becomes latest target of Trump’s ire
Dovish comments at ECB conference draw accusation of manipulation from US president
BoE finds weaknesses in small bank risk controls
Senior regulator says challenger banks are “overly optimistic” in risk modelling
RBA signals new rate cut ‘more likely than not’
Labour market will be key factor in any future easing of monetary policy
El Salvador appoints new central bank chief
Seasoned civil servant Carlos Federico Paredes appointed by new political outsider president