Sovereign debt
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Colombia purchases $1 billion from government
Operation aims to support plan to enhance international reserves portfolio
Central bank gold purchases soar to highest level since 1971
Russia, Turkey and Kazakhstan accumulated the most gold in 2018
Asset manager of the year: State Street Global Advisors
The US financial group used its global presence, and equity and fixed income expertise, to expand its central bank client base and assets under management in 2018
Central Bank of Kuwait overhauls core banking system
System provided by Tata automates key central bank operations
Blanchard calls for rethink on costs of debt
Fiscal cost of public debt may be zero, macroeconomist argues, but that does not make debt costless
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
ECB has made ‘little use of macro-pru powers’, senior official says
Eurozone authorities lack powers to deal with diffuse sovereign risk or shadow banks – ECB official
Lack of monetary autonomy ‘central’ to eurozone debt crisis – researchers say
Spain would have been ‘immune’ to rollover debt crisis outside eurozone – Minneapolis Fed paper
Podcast: Preventative measures
Many central banks currently lack a key power that could help them deal with crises, argues Yale University’s Andrew Metrick
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
Flug defends Bank of Israel’s role as government economic adviser
Departing governor clashed with executive over public spending priorities
IMF boosts support for Argentina to $56.3bn
Programme aims for ambitious fiscal goals in an electoral year
ECB’s normalisation could spell trouble for Italy’s bond market
Rome’s budget row with Brussels escalates just as QE is about to halt
ECB paper presents new sovereign stress model
New method builds on earlier CISS model to measure systemic stress in eurozone
Debt poses a threat to African monetary policy – BIS paper
Central bankers could use their influence to encourage government prudence, authors say
Reserves preservation key in Tunisia amid growing challenges – El Abassi
Governor of Central Bank of Tunisia stresses the importance of sound policies as the currency weakens and twin deficits grow
IMF calls for fiscal consolidation in anticipation of next crisis
As global financial conditions tighten, emerging economies record higher corporate and sovereign debt
Draghi’s ‘whatever it takes’ cut bank risk-taking – BIS paper
Study examines Mexican markets to pick out effects of the ECB president’s intervention
Gita Gopinath named IMF chief economist
The Harvard academic is a specialist in international finance and an adviser to central banks
Andrew Motshidisi on Africa’s debt and what it means for reserve managers
The former deputy governor of Bank of Botswana and Nalm Africa chairman talks about international capital flows, and the need for countercyclical policies and robust legal frameworks to secure long-term stability
Supervisory lessons: fault lines in prudential regulation
Former Bank of Spain head of supervision Aristóbulo de Juan highlights the lessons he has learnt about weaknesses in prudential regulation, in the second of a four-part series on supervision
Italy’s expansionary budget increases pressure on debt
Draghi warns government plans have tightened financial conditions for households and businesses
Costa Rica government resorts to central bank financing
Government to use Treasury bills to finance growing deficit as public sector workers go on strike