Latest
Georgia and Namibia sign MoUs with MAS’s new fintech network
Singapore’s GFTN agrees to provide advisory services to emerging economies’ central banks
CBDCs may need to replace stablecoins – Treasury committee
US advisory body calls for creation of unified ledgers under central bank auspices
BdF deputy governor softens digital euro regulatory stance
Beau says central bank money is safer, more liquid and less volatile than stablecoins
Benchmarking
Foreign policy impact on future FX reserves composition
Restrictive covenants in global financial safety net system drive fragmentation, while CBDCs and digital petroyuan may alter FX reserve investments
Nearly half of central banks have access to cash policy
High income countries slightly more likely to maintain access to cash policies
Portraits on banknotes: a study of the gender gap
Only Australia’s currency has gender parity; overall, less than 10% of portraited notes feature female images
What Goldman’s appeal victory means for Fed stress tests
Decision could embolden more banks to appeal, analysts say. But others believe result is one-off
Crashing the nth party: how third-party service provider risks compound
Cross-border collaboration may help deal with risks from multiple layers of outsourcing
Smaller banknote denominations have shorter lifespan
High income central banks produce longer-lasting cash
Mamo Mihretu on the radical reform of central banking in Ethiopia
NBE head speaks about monetary policy and exchange rate reform, opening the financial system and a fundamental reset of the economy
IMF/ World Bank Autumn Meetings 2024
IMF warns central banks not to keep policy ‘too tight for too long’
Chief economist calls for “triple pivot” as global economic outlook shifts
Governors differ on cross-border payments
Officials from Europe, Africa and Asia diverge over whether bilateral or multilateral links are best
ECB could go below r* when setting policy, says Panetta
Bank of Italy governor says eurozone has to return to “normal way of doing monetary policy”
IMF panellists debate need for updated policy frameworks
Policy frameworks should be informed by pandemic lessons, say central bankers
Editor's choice
Geopolitical risks to reserve adequacy: 2024 survey
Geopolitics are heightened going into 2025. Twenty-four reserve managers reveal their strategies.
Combining central banking orthodoxy with innovation
Sergiy Nikolaychuk argues the future of central banking centres on adaptability as well as independence
Suspended Bulgarian deputy claims he is fighting for central bank ‘independence’
Eurozone candidate country’s deputy breaks silence on suspension, and his fight to get reinstated
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
Benchmarking
Nearly half of central banks have access to cash policy
High income countries slightly more likely to maintain access to cash policies
Inter-bank working groups
Facilitating connections between central bankers across the globe to promote the exchange of expertise and support collaboration.
Upcoming meetings include: Cyber risk management, social media in communications and upgrading forecast models.
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Awards
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Central bank of the year: Central Bank of Brazil
The Latam central bank has pursued its mandate in an exemplary fashion, despite external pressures
Lifetime achievement: Masaaki Shirakawa
The veteran BoJ central banker called out the limits of monetary policy
Governor of the year: Andriy Pyshnyy
Pyshnyy kept Ukraine’s wartime economy stable and won vital foreign support under huge pressure
Video and Podcasts
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
Former BoJ head speaks about the need to understand banking, make contingency plans and current policy constraints
Podcast: cash in the payments landscape
Podcast: the ‘global unsyncing’
Podcast: the ECB’s collateral framework expansion
Book reviews
Book notes: Carbon colonialism: how rich countries export climate breakdown, by Laurie Parsons
Book notes: Money in the 21st century: cheap, mobile, and digital, by Richard Holden
Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
Book notes: Easy money, cryptocurrency, casino capitalism, and the golden age of fraud, Ben McKenzie with Jacob Silverman
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