Central Banking Journal
Myths and realities of AI hacking
New artificial intelligence models raise serious concerns about the future security of the international monetary system
Book notes: Walter Bagehot, by Janet Seaton and Barry Winetrobe
This slim biography succeeds in its mission of painting a portrait of a remarkable man
Book notes: The art of monetary policy, by Kristin Forbes
The message that effective monetary policy-making requires judgement, flexibility and realism alongside technical expertise is both persuasive and highly relevant
Helder Lopes on Timor-Leste’s transformation now the oil has run out
The Central Bank of Timor-Leste (BCTL) governor speaks to Chris Jeffery and Jono Thomson about dollarisation amid US policy unpredictability, managing legacy Petroleum Fund investments, Asean membership, digitalisation and financial deepening, and a long…
The challenges facing Fed chair Kevin Warsh
New chair has pledged sweeping change, but can he keep Trump – and the FOMC – onside?
Book notes: Redefining the monetary standard in the digital age, by Livio Stracca
A comprehensive and readable account of what digitalisation could mean for monetary policy
Book notes: Everybody loves our dollars, by Oliver Bullough
The author poses serious questions about whether central banks’ activities are helping kleptocrats
Book notes: Money beyond borders, by Barry Eichengreen
Lessons from economic history indicate the dollar’s decline could result in a messy transition that spawns a global crisis
Sama’s Al-Sayari on financial resilience and the future of the riyal
The Saudi Central Bank governor speaks with Christopher Jeffery about the Middle East conflict, the transformation of the Saudi economy, improving prudential oversight and contingency planning, and the development of the fintech and tokenised ecosystem
Book notes: Can Europe survive? By David Marsh
Marsh poses important questions and cannot be blamed for failing to produce a roadmap to continental salvation
The evolution of central banks
Bank Negara Malaysia governor Abdul Rasheed Ghaffour writes that the roles and responsibilities of central banks are evolving in a changing landscape
Current threats to central bank independence
Improved communications, advocacy for tech oversight and international co-operation will help to address challenges posed by populism, excessive debt and new forms of money, write Gavin Bingham, Paul Fisher and Andrew Large
People: January to March 2026
A round-up of central bankers in the news and on the move during the past three months
Supply-side shock stuns central banks
The partial closure of the Strait of Hormuz raises fresh challenges for central bank policy-makers
Banknotes: January to March 2026
A round-up of news and salient issues that have affected central bankers in the past three months
Central Banking Awards 2026: the winners in full
Awards recognise extraordinary achievements in another challenging year for central banks
Lifetime achievement award: Mervyn King
The former BoE governor helped restore UK monetary policy credibility, played a central role during the global financial crisis, and has made significant contributions towards better bank oversight and economics
Digital currency initiative: eCurrency
eCurrency translates cultural context into CBDC design, informed by global experience
Financial market infrastructure – retail: ACI Worldwide
The payments company’s digital central infrastructure has played a key role in Colombia’s Bre-B roll-out as well as elsewhere
Financial services: Citi
The US bank has striven to provide clients with high-level advice as well as service breadth, technical expertise and execution
Currency manager: Central Bank of Curaçao and Sint Maarten
The central bank overcame a nine-year hiatus to launch the Caribbean guilder