Financial crisis
IMF paper on banks during the Argentine crisis
According to the IMF Working Paper "Banks during the Argentine crisis: Were they all hurt equally? Did they all behave equally?" published February 2006, the simple answer to both questions in the title is: No.
Tokyo disputes inflation targets
Disputes between the central bank and Ministry of Finance continue to stymie Japanese policymaking. Thomas Cargill and Federico Guerrero explain.
Over a barrel no more
Compared to the shocks of the 1970s, the world economy has taken recent record oil prices in its stride. Sebastian Dullien and Mark Schieritz investigate why.
Performance measurement in central banks
Iain Thomson suggests ways central banks can incorporate best practice in commercial-sector performance measurement.
Should reserve management be farmed out?
Why some do and some don’t outsource reserve management. Nick Carver reports.
The ECB’s collateral framework
Francesco Papadia rebuts criticisms that the way the ECB treats government securities keeps market spreads artificially low.
Managing liquidity risk in a global system
In this exclusive article, Sir Andrew Large worries about the robustness of the financial system in times of stress – and calls for greater clarity from policymakers about lender-of-last-resort issues.
New Crisis Management section on RBNZ's website
The Reserve Bank of New Zealand introduced a new section to its website on Friday entitled Crisis Management.
Why statistics matter
More care should be taken in presenting important statistics, says Steve Hanke, editorial adviser to Central Banking.
Learning to live with IFRS
How central banks are facing up to – or ducking – their obligation to implement international accounting standards
New spokesman for the New York Fed
Peter Bakstansky has been the spokesman for the New York Fed for so long - 30 years, to be precise - that his impending retirement will be hard to get accustomed to, at least for any journalist.
Ex-Thai central bank chief ordered to repay $4.6bn
The former governor of Thailand's central bank, Rerngchai Marakanond, was ordered on Tuesday 2 June to pay back the Bt186bn (US$4.57bn) spent in the futile defence of the currency on the eve of the 1997 Asian financial crisis.
Managing financial research in central banks
All central banks need to motivate and retain top-notch researchers. Philipp Hartmann and Myron Kwast describe how the ECB and the Federal Reserve do it.
Lookouts for financial instability
Can a central bank’s dealers help with market surveillance? Tim Young and John Nugée point to some of the difficulties and possible remedies.
Who holds the wealth of nations?
The growth of sovereign wealth funds, often managed outside central banks, has received little attention or analysis. Yet it is a major development in international finance, with implications for central banks writes Andrew Rozanov.
Trapped by the international dollar standard
The three following articles raise troubling questions about the world economy. Here, Ronald McKinnon argues that America’s addiction to deficits distorts the world system.
Politicians’ itch to interfere
Central Banking takes a look at some recent skirmishes between central bankers and politicians. A report by economics correspondent Paul Brione.
Lessons learned from outsourcing at Norges Bank
Can a central bank outsource IT services that are systemically important? Semming Austin recounts the approach taken by Norges Bank.
IT systems in smaller central banks
Central bank IT cannot stand still, but limited resources mean smaller institutions must plan carefully, says Terry Beadle.
Central banking on the move
Michael Yorke and Jeff Klein describe how advances in mobile computing can meet the needs of today’s central banks.
Effective IT with limited resources
IT departments in small central banks face particular challenges in providing services. Jennifer Greaves sets out how they can be met.