Top story

FOMC's Lacker denounces committee's new normalisation principles

Monetary Policy | 19 Sep 2014

Richmond Fed president says FOMC expectation not to sell MBS as part of balance sheet reduction flies in the face of half-a-century's worth of Fed practice

Topics: Jeffrey Lacker, Federal Open Market Committee (FOMC), Federal Reserve, Federal Reserve Bank of Richmond



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


Central Banks

The story of Central Banking

Founder Robert Pringle recalls how after a slow start Central Banking achieved lift-off

Central Banking Journal | 11 Aug 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


Financial Stability

Can central bankers live up to their role as the guardians of finance?

Central bankers need to be the risk managers of the financial system to help mitigate the fallout from future crises. Those that engaged in the latest bouts of QE have not made a good start

Central Banking Journal | 11 Aug 2014


Financial Stability

The evolving role of the Eurosystem and its national central banks

Anne Le Lorier pinpoints the challenges Eurosystem central banks will have to address in the aftermath of the global financial crisis.

Central Banking Journal | 11 Aug 2014

1 2 3 4 5

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 the planned EU stress test stringent enough?