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BoE's Bailey calls for ‘much more systematic approach' to financial sanctions

Financial Stability | 23 Sep 2014

Bank of England's senior prudential regulator recognises need for clear understanding of when and to whom sanctions apply; calls for greater international co-operation

Topics: Andrew Bailey, Prudential Regulation Authority (PRA), Bank of England

Andrew Bailey
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Bank rules and their impact on inequality

Banking regulation has a profound effect on levels of long-term financial inclusion around the world; US engaged in a failed ‘lottery ticket’ effort by the US to offer housing to the poor.

Central Banking Journal | 22 Sep 2014



The viability of a commercial approach to central bank communication

Will the prevailing trend for central bank communications to mimic those of commercial entities and political parties stand the test of time?

Central Banking Journal | 16 Sep 2014



Choosing a suitable exchange rate suitable for price-takers

Flexible exchange rates can act as an asset price as well as a price for goods and services, so movements can distort the market for goods and services. Taxing capital inflows can address the matter

Central Banking Journal | 11 Aug 2014

Ignazio Visco

Financial Stability

The challenges for central banks

Demands are being made for central banks to consider financial stability alongside price stability, as a key component of their monetary policy. But that is nothing new for central banks

Central Banking Journal | 11 Aug 2014

Atiur Rahman2


Financial inclusiveness and financial stability are key to success

Bangladesh has achieved growth in excess of 6% for the past decade, aided by its focus on financial inclusion. The next step is to modernise finance, writes Atiur Rahman

Central Banking Journal | 11 Aug 2014

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Central Banking books


HSBC Reserve Management Trends 2014

By Robert Pringle and Nick Carver


Directory of Financial Regulators 2014

By Martina Horáková and Amy Jordan

Latest journal

Central Banking



The latest issue of the Central Banking journal is particularly special as it marks our 25th anniversary of publication. To celebrate this we have assembled an exceptional issue that is packed full of insight from top names in the central banking industry. We speak exclusively to central bank governors Raghuram Rajan, Agustín Carstens and Ravi Menon. In addition, the 25th anniversary issue features articles form Bank of England's Andrew Haldane, the governor of the Bank of Italy, Ignazio Visco, Harvard University's Richard Cooper, the head of the monetary and economic department at the Bank for International Settlements Claudio Borio, the Banque de France's Anne Le Lorier,the governor of Bangladesh Bank Artiur Rahman, and Benoît Couré of the European Central Bank. We also take a look at 25 of the most significant events to have shaped the official sector during the past 25 years.


Is forward guidance a viable long-term communications tool for central banks?