Top story

ECB fears ‘abrupt reversal’ of global search for yield

Financial Stability | 27 Nov 2014

Central bank says an end to the hunt for yield is the main threat to financial stability in the eurozone; Constâncio concerned by impact on investors’ balance sheets

Topics: European Central Bank, Deutsche Bundesbank, Asset prices

ECB in Frankfurt
Dr Kingsley Moghalu

Reserves

Dealing with an age of turbulence in emerging markets

Nigerian deputy governor details the options available to emerging markets when reacting to changes in developed-world monetary policies and associated fund movements

Central Banking Journal | 20 Nov 2014

aurel-schubert2

Governance

The ECB's approach to central banking without data borders

Data sharing and access to confidential information – on a need-to-know basis – remain a legal, cultural, technical and organisational challenge at the ECB and elsewhere, writes Aurel Schubert

Central Banking Journal | 19 Nov 2014

eric-wolfe

Collateral Risk Management

Assessing credit risk post-crisis at a central bank

Eric Wolfe explains how the Bank of Canada has developed its own credit assessment processes to avoid mechanistic reliance on credit rating agencies.

Central Banking Journal | 19 Nov 2014

Reserves

Czech currency intervention and forex reserves

Michal Skorepa and Mojmír Hampl explain how the Czech National Bank’s activities have directly and indirectly affected the value of the koruna, including the impact of direct interventions in 2013

Central Banking Journal | 19 Nov 2014

andrew-sheng-new

Central Banks

The global financial architecture is broken

Central banks have taken over from Bretton Woods institutions in a multipolar world where actors are increasingly fearful of dealing in G-4 currencies, writes Andrew Sheng

Central Banking Journal | 20 Oct 2014

1 2 3 4 5

Central Banking books

cb_book

Central Bank Directory 2015

By Martina Horáková and Amy Jordan

cb_book

Financial Independence and Accountability for Central Banks

By Kenneth Sullivan and Martina Horáková

Latest journal

Central Banking

oystein-olsen-norges-bank-150

CENTRAL BANKING VOL. XXV.2

The latest issue of the Central Banking journal features interviews with Øystein Olsen, governor of Norges Bank and William Coen, secretary-general of the Basel Committee. In addition there are articles from Andrew Sheng, Central Bank of Nigeria’s Kingsley Chiedu Moghalu and the ECB’s Aurel Schubert. Other contributors to this issue include the Bank of Canada’s Eric Wolfe and Czech National Bank’s Michal Skořepa and Mojmír Hampl. Niels Bünemann takes a closer look at central bank communications, whilst Charles Calomiris and Stephen Haber offer their thoughts on the impact bank rules have had on inequality. As usual, we have four book reviews: What Have We Learned? Macroeconomic Policy After the Crisis; Finding Equilibrium, Arrow, Debreu, McKenzie and the Problem of a Scientific Credit; Fortune Tellers: The Story of America’s First Economic Forecasters; and GDP: A Brief but Affectionate History.

Poll

How should central banks respond to the rise of virtual currencies such as bitcoin?