Debt
US corporates ‘substantially’ more leveraged than thought – Dallas Fed researchers
Using a broader measure than debt-to-GDP, levels are almost double, they say
RBNZ points to high private debt as main financial stability risk
New Zealand central bank stresses climate change impact on insurance industry
BIS paper models dollar’s debt dominance
“Debt view” of dollar dominance has empirical support, authors say
IMF publishes first review of programmes since financial crisis
Directors say growth assumptions are often unrealistic and call for closer look at debt restructuring
Powell plays down fears about record levels of corporate debt
Fed chair’s remarks strike similar chord to those of Ben Bernanke in 2007, but Powell says this time is different
Bank of Canada warns of corporate debt risks
Annual financial system report notes the growing corporate debt in Canada’s extractive industries
IMF and World Bank develop system to support debt management
System provides methodology and analytical tools for countries in the process of adopting these techniques
Central Banking’s ‘Leaders’ for custody, banking and gold
Central banks want integrated custody platforms and real-time data from custodians as the low-yield environment drives demand for banking services and increases the relative attractiveness of gold
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Ghana holds first Financial Stability Council meeting
Council was established after central bank confronted crisis in commercial lenders
Finnish central bank needs more macro-prudential tools – deputy governor
Increased presence of international investors may increase housing market’s volatility – Nykänen
Time for resilience
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock explores the importance of protection in downturn scenarios for reserve managers.
Longer-term climate risks do not factor in Fed’s financial stability assessment – Powell
Fed chooses to highlight “historically high” corporate debt levels in financial stability report
Lebanese central bank strike ‘shut down local banks’
Staff consider further strike action over rumoured salary cuts as government faces fiscal crisis
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
IMF flags high public debt in Middle East oil exporters
Oil producers in the Mena region are expected to average budget deficits of 4% of GDP in 2019
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Bay Area Development
Located at the start of the Maritime Silk Road, the Guangdong–Hong Kong–Macau Greater Bay Area seeks to harness advanced technology and green finance to catch up with the economically advanced bay areas of New York, San Francisco and Tokyo.
Riksbank surprises observers with fresh QE and dovish message
Swedish central bank extends QE programme and delays next rate hike
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Eurozone needs central stabilisation fund to secure fiscal stability – ECB research
Unlike other monetary unions, the region’s federal budget plays a very limited role
Higher EU corporate bond spreads in 2018 unrelated to ECB policy – research
Global trade disputes played a bigger role than the end of the European asset purchase programme
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…