Feature/Governance
Forrest Capie’s Bank anecdotes
William M. Clarke and Robert Pringle select some amusing excerpts from a new history of the Bank of England.
Welcome to Twin Peaks
The decision by the British government to adopt the Twin Peaks model of financial regulation represents a significant turnaround in the Bank of England’s political fortunes, writes Michael Taylor.
How Ireland is reforming its central bank
A change of leadership offers Ireland’s central bank an opportunity to assert its independence from the country’s much maligned political and banking elite. It is doing much to grasp it, Claire Jones finds.
Ten issues for regulators to consider
René Smits devises ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
How Yam secured his place in history
Tony Latter assesses the career of the recently retired Joseph Yam at the helm of the Hong Kong’s monetary authority.
From triumph to the brink of despair
Robert Pringle looks at the last two decades, as viewed through the pages of Central Banking
Improving institutional governance in central banks
John Mendzela urges central banks to be leaders, not laggards, in implementing robust governance principles
Ratings agencies: regulate or downgrade?
Ludˇek Niedermayer worries that regulating ratings agencies will simply increase their influence and create the wrong incentives
Bank Negara comes of age
Governors from five continents joined Bank Negara Malaysia in February to commemorate its 50th birthday. Claire Jones reports
Wolfgang Schmitz: an innovator of exchange rate policies
In this obituary, Karl Socher recalls the contribution of the former governor of the Austrian central bank to the development the post-Bretton Woods system
Lessons from the crisis for central bank management
Central banks and regulators have failed, argues John Mendzela. Here are seven lessons to help management improve performance and promote cultural change.
The life and times of Guido Carli
Allesandro Roselli recalls the struggle of the former governor to establish modern banking and finance in Italy
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face.
Obama builds formidable team
Malan Rietveld looks at the new economic brains trust in America and the challenges it will face
The wider benefits of assistance
Juliet Johnson suggests that assistance to post-communist central banks by their Western counterparts resulted in closer links between central bankers more generally
Why the American economy needs fiscal assistance
For all its activism, the Fed cannot address the persistent imbalances in the American economy on its own, says John Balder
Turmoil in the Basel tower
The handling of the resignation of Malcolm Knight was badly bungled, says Klaus Engelen
Draghi prepares to slim down
The Bank of Italy finds resistance from its staff and labour unions, but insists it will push ahead with controversial reforms. Isabella Bufacchi reports
Inside Beijing’s power struggle
Having seized the early initiative in Beijing’s anti-inflation strategy, the People’s Bank of China has seen its authority increasingly challenged, argues Hui Feng
Breaking the Japanese impasse
Ken Worsley assesses what the political battle over the new governor will mean for the Bank of Japan’s independence
The new face of the Bank of Japan
Masaaki Shirakawa brings a wealth of experience and a strong reputation to the top job in Japan, argues Malan Rietveld
Value for money: Financial accountability for central banks
In this introduction to the special feature, John Mendzela explains why central banks are under increasing pressure to be financially accountable
A match made in heaven?
Terry Beadle explains why the increasingly popular application service provider approach to IT fits central banks like a glove
Activity-based costing: a case study
José Clovis Batista Dattoli and Henrique Flávio Rodrigues da Silveira review the Brazilian central bank’s adaptation of a textbook costing system.