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Book notes: The Fed unbound, By Lev Menand
This book highlights need for charter-like oversight of shadow banking sector
Most central banks lack primary oversight of NBFIs
Many institutions capable of regulating non-banks, but just a few solely exercise such powers
Pakistan names new governor
Jameel Ahmad succeeds Reza Baqir after three-month delay
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Editor's choice
The PBoC, real estate debt and financial stability in China
Officials have restricted policy space due to efforts to contain property risks amid slowing growth
Comment
Is money growth really the main inflation culprit?
The case for restoring the role of monetary aggregates
Inflation offers route to unconventional policy exit
Our Take
(Un)stablecoins and central banks
Fractures in the monetary system
Tackling surging inflation
Uruguay continues policy tightening
Covid hits women in US workforce – Bowman
Fed issues guidance for banks using crypto assets
Housing affordability dropping across the US
Fed paper explores information problems in financial panics
Long-term data can shed light on current inflation – NBER paper