Central Banking Journal - Volume XXVII Number 4
Articles in this issue
Tackling the ‘human agency’ problem
Central banks are readying themselves to face down assault by populists
Ukraine’s Gontareva on one of the toughest jobs in central banking
NBU governor transformed central bank while engaging in wartime deficit funding and overhauling banking sector
Should more attention be paid to house prices?
CNB experience offers insights into use of larger weights for housing in monetary and macro-pru policy
The BoJ’s risky yield curve control experiment
Current objectives are muddled, writes former policy board member
Former Fed vice-chair Kohn on populism, top central bankers
Donald Kohn speaks about why he has few policy regrets
All aboard the blockchain
Underpinning architecture of bitcoin and other crypto-currencies – distributed ledger technology – has potential to revolutionise digital payments
A CCP is a CCP is a CCP
CCPs do not require same risk and resilience standards as banks
The myth of independence
US Federal Reserve stresses independence from government as central to ability to fulfil its dual mandate, but approach is fundamentally flawed
Croatia’s Vujčić on tackling NPLs and home-host supervision
Governor Boris Vujčić explains why dealing firmly with NPLs via ‘provisioning clock’ does not choke growth
Book notes: Bankers, Bureaucrats and Central Bank Politics, by Christopher Adolph
Analysis of those in charge of monetary policy decisions in advanced economies between 1950–2001, attempting to understand the role of personal background in decision-making
Book notes: Competition and Stability in Banking, by Xavier Vives
The book highlights many important issues, but also has a few flaws
Book notes: The Nobel Factor, by Avner Offer and Gabriel Söderberg
The authors examine the politics behind the Nobel Prize in Economic Sciences
Book notes: Architects of the Euro, edited by Kenneth Dyson and Ivo Maes
Biographical study of 10 key players in development of EMU provides contrast to more historical analyses