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Nabiullina faces ‘open question’ of how Bank of Russia will address growth

Elvira Nabiullina becomes Bank of Russia chairman on June 24; Deutsche Bank Russia research head plays down talk of an ‘excessive swing’ towards monetary easing

Features
Opinion
Interviews
Reviews

Governance

China’s new financial and regulatory architects

Keeping Zhou Xiaochuan as governor of the People’s Bank of China will provide policy stability in the world’s second largest economy. But there are plenty of changes elsewhere

Central Banking Journal | 10 May 2013

Monetary Policy

The case for nominal GDP targeting by central banks

Central banks have experimented with new monetary policy approaches, with nominal GDP targeting the latest idea to be put forward. Richard Werner looks at the empirical data supporting such a policy

Central Banking Journal | 10 May 2013

Monetary Policy

The changing structure of the euro money market

Systematic reports on the European secured and unsecured money market would represent a powerful tool for central bankers despite the current distortions caused by Eurosystem liquidity operations

Central Banking Journal | 10 May 2013

Governance

Bank Negara Malaysia’s approach to developing a financial inclusion index

Malaysia’s index of financial inclusion was created as a first step to increasing the depth of financial participation in the country, but more data is needed, says Zarina Abd Rahman

Central Banking Journal | 10 May 2013

Financial Stability

The SSM, banking union and the future of prudential policy in Europe

The establishment of a single supervisory mechanism under the ECB will help mitigate a number of threats to Europe’s financial system, writes Ignazio Angeloni. But still more needs to be done

Central Banking Journal | 10 May 2013

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Central Banking Journal - Save 10%

Save 10% on an annual subscription to Central Banking Journal

Central Banking Journal is the only regular, independent publication of its kind, dedicated to reporting and commenting on the activities in the world of central banking.

Each quarterly issue addresses the key issues facing central bankers worldwide, including monetary policy, reserve management, exchange rate policy, bank supervision, regulation, training and human resource development, management and governance.

Seminar Series:

Week One, 10 - 13 September 2013:

Financial Independence, Reporting and Accountability for Central Banks

IT Governance for Central Banks

Effective Oversight of Financial Market Infrastructures

Economic Analysis and Forecasting for Macroprudential and Monetary Policymaking

Legal Risks and Good Governance for Central Banks

Government Debt Management: New Trends and Challenges

Week Two, 17 - 20 September 2013:

The Changing Framework of Monetary Policy Operations

Risk Management for Central Banks

New Challenges in Financial Market Supervision & Regulation

Communications and External Relations for Central Banks

Human Resources: Engaging People and Facilitating Performance

Knowledge Hubs: Managing Central Bank Libraries and Information Centres

Central Banking

CENTRAL BANKING VOL. XXIII.4

The latest issue of the Central Banking Journal features articles by Jens Weidmann observing the euro area and whether it should either accept fiscal union or allow sovereigns to default; Joachim Nagel and Carsten Hartkopf explain how detailed reports on the European secured and unsecured money market would be a powerful tool for central bankers; and Ignazio Angeloni writes about the European approach to prudential policy. The issue also includes interviews with the FDIC vice-chairman Thomas Hoenig, who views Basel III as flawed; Central Bank of Iceland governor, Mar Guðmundsson, who reflects on Iceland’s change in fortunes as no ‘miracle’; and the governor of the Central Bank of Trinidad and Tobago, Jwala Rambarran, who discusses new developments in the Caribbean. Zarina Abd Rahman explains how Malaysia created a financial inclusion index, Tristan Carlyle reports on a new Central Banking journal study about communication strategies, Richard Werner makes the case for nominal GDP targeting, Charles Manski contrasts the economic forecasting approaches of the Federal Reserve and the Bank of England, and more. The edition also includes four book reviews: After the Music Stopped; The Federal Reserve and the Financial Crisis; Bull by the Horns; and The Leaderless Economy.

Conferences & Symposiums:

Seminar Series:

CENTRAL BANKING VOL. XXIII.4

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