Central Banking | 08 Aug 2011
Standard and Poor’s downgrade of US debt is just one of a handful of errors made by credit rating agencies, writes Robert Aliber
Central Banking | 15 Mar 2010
Marco Annunziata, the chief economist at UniCredit, argues against the creation of a European monetary fund
Central Banking | 17 Feb 2010
The impressive growth of debt markets in sub-Saharan Africa is a credit to the region’s authorities. But more can be done, writes Paul-Harry Aithnard, the group head of research at Ecobank
Central Banking | 17 Dec 2009
Brussels and the European Central Bank have underestimated the potential for contagion from Athens’s fiscal woes, argues Marco Annunziata, the chief economist at UniCredit
Central Banking | 23 Jun 2009
In the aftermath of the financial crisis, the actions of ratings agencies cannot remain unchecked, argues Ludek Niedermayer, a former vice governor at the Czech National Bank
Central Banking | 27 Jun 2007
Renminbi-denominated bonds in Hong Kong are part of a bigger picture for both Hong Kong and the Mainland, writes Joseph Yam.
Central Banking | 08 Mar 2007
According to an article from The Economic Times, published Wednesday 7 March, once an independent DMO comes into existence in India, management of both internal and external debt is expected to move away from the central bank.
Central Banking | 20 Nov 2006
According to this article from Reuters, published Thursday 16 November, the inverted yield curve is no longer seen as an accurate predictor of slowing growth or recession ahead.
Central Banking | 27 Jul 2006
As a rule, transparency in government activities, in regulation and in financial markets is encouraged and regarded as a positive thing. But when it comes to the way governments sell bonds, the authors of a recent study suggest that increasing transparency might have unwelcome effects.
Central Banking | 25 Jul 2006
Seigniorage revenues have become more important to central banks as many of these institutions are feeling the squeeze financially. How these revenues are spent depend critically on sound governance structures and independence. These are the conclusions of a recent IMF working paper.
Central Banking | 08 May 2006
Government debt offices play a vital role in managing the cost and risk of government borrowing and in the development of the domestic financial system, but they are frequently overlooked. A recent survey looks at the trends towards concentrated responsibilities and greater autonomy in this area.
Central Banking | 22 Mar 2006
Fed chairman, Ben Bernanke, made it clear in a speech earlier this week that he is no closer than his predecessor, Alan Greenspan, to making sense of the 'yield conundrum'.
Central Banking | 03 Mar 2006
Amid the euphoria over the end of deflation and a likely change in the Bank of Japan's policy, this recent article says it's easy to forget that Japan remains addicted to borrowed money.
Central Banking | 24 Feb 2006
Two weeks ago the Zimbabwean government managed to avoid expulsion from the IMF by paying off a large chunk of its debt to the Fund. However, the source of the forex-depleted government's finances remains a mystery.
Central Banking | 14 Feb 2006
The Indonesian finance minister, Sri Mulyani Indrawati, has indicated that the country is considering the early repayment of its outstanding debt to the IMF. The prospect of early repayment raises some interesting questions and policymakers are likely to proceed cautiously.
Central Banking | 01 Feb 2006
It is time to push beyond the "global savings glut" argument and the closely related "excess global liquidity" argument to explain the extraordinarily low level of both real and nominal long-term interest rates, according to this article published on Tuesday 31 January.
Central Banking | 31 Jan 2006
In the statement accompanying its BB minus long-term credit rating for Nigeria, the rating agency Fitch this week applauded policymakers' "strong commitment to economic reform", including "measures to rationalise the banking system" implemented by the Central Bank of Nigeria.
Central Banking | 20 Dec 2005
Last week Brazil and Argentina surprised the international community by announcing that they both intend paying off all of their outstanding debt to the IMF before the end of the year.
Central Banking | 15 Dec 2005
Earlier this week Brazil announced that it plans to pay off its entire $15.5 billion in debt to the IMF by the end of the month. In doing so, the country will meet its outstanding IMF obligations two years ahead of schedule.
Central Banking | 20 Oct 2005
How, in a world where the amount of debt is rising rapidly, can credit spreads remain so low or even fall? And is this a sign of strength and stability, or a cause for concern?
Central Banking | 23 Sep 2005
This article published on Monday 19 September asks whether China, Asia's No.2 economy, can reach its potential without a bond market. The good news is that efforts to create one are gaining momentum, it says.
This report explores enterprise GRC solutions for 2015.
This white paper looks at the Basel Committee's BCBS239 principles, also known as PERDARR (Principles for Effective Risk Data Aggregation and Risk Reporting), which comes into force from 1 January 2016.