Data covering the years of the Great Recession points to value in the Fed's 'old' M3
China's policy-makers blame structural problem in the West for global malaise
The use of behavioural economics in management decisions and supervisory models would not prevent a future crisis, says Czech National Bank adviser, Michal Skořepa
William Allen of the Cass Business School in London warns there is a danger that capital requirement measures intended to make the financial system safer may do more harm than good
US monetary policy must change as the dollar’s dominance wanes, writes Allan H. Meltzer.
Policymakers in advanced economies must place more weight on imported inflation, while those in emerging markets must monitor domestic price pressures more closely, Stephen Lewis argues.
Geoffrey Wood explains why he signed a letter arguing against the Federal Open Market Committee’s latest round of asset purchases
It is far from clear how Britain can rebalance its economy, writes Claire Jones
Marcelle Arak and Sheila Tschinkel argue that more outright purchases of US Treasuries by the Federal Reserve will do little to stimulate US growth
Fed chairman Ben Bernanke’s calls for more research into areas of economics underexplored by central bankers is commendable, but translating this into policy has its risks, writes Claire Jones
In the final article of a six-part series on the Japanese economy, Robert Pringle reports from Tokyo on how the crisis has impacted Japan’s global outlook
In the fifth of a six-part series on the Japanese economy, Robert Pringle reports from Tokyo on how the crisis has impacted Japan’s global outlook
This anniversary was held on 24 March at the Reform Club. The guest of honour was Jacques de Larosière, who congratulated Robert and Central Banking on their achievement
Emerging markets must recognise the need to let their currencies appreciate, Ousmène Mandeng and Jerome Booth of Ashmore Investment Management argue
The financial sectors in mature economies grew too large in the run-up to the crisis. A Tobin tax can help prevent this from happening again, argues Costas Lapavitsas, a professor at the School for Oriental and African Studies
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Central bankers must abandon their focus on targeting inflation in the medium term if we are to really consign the crisis to history
John Quiggin says George Akerlof and Robert Shiller's new book is a manifesto for a new approach to economic modelling.
A decline in interbank spreads shows confidence is returning. But, the margins at which spreads settle are likely to reveal much about how the crisis has changed the face of finance for years to come, Claire Jones, the editor of CentralBanking.com, says.
The dollarisation of El Salvador's economy has brought relative calm to the Central American economy. But it will not be able to completely avoid the collateral damage from a slump in the United States, says Steve H. Hanke, a professor of applied economics...
President-elect Barack Obama has assembled an all-star economics team. But potential pitfalls remain despite the players' pedigree, Malan Rietveld, the assistant editor of Central Banking journal, notes.
Barack Obama's clear victory in the US presidential election opens a new chapter in America's history. The positive impact of this powerful signal of change on the economy and on central banking should not be underestimated, says Marco Annunziata, the...