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Climate change: a new challenge for financial stability?
What is the role of central banks when it comes to climate change risks?
Philippine central bank handed new stability powers and mandate
Act removes money supply and credit as determinants for monetary policy
Greek governor accuses government minister of breaking law
Stournaras says minister illegally recorded phone call after being angered by loan inquiry
Quotes
Ironically, too much debt was at the heart of the crisis, and now we have more of it
Claudio Borio, head of the monetary and economic department, BIS
The political spotlight is far harder on central banks now. It is not particularly to do with monetary policy, but to do with whenever you have to take a step in terms of resolving a bank. There will be losers.
Philip Lane, governor, Central Bank of Ireland
Having a reliable institutional mechanism that supports fiscal responsibility will allow attention to focus on whether the central bank is delivering on its mandate, which I welcome.
Brian Wynter, governor, Bank of Jamaica
The countercyclical policies used in the past to accumulate reserves – which rose to one of the highest levels in the world – were to ensure a gradual transition and an effective absorption of any shock.
Ahmed Abdulkarim Alkholifey, governor, Saudi Arabian Monetary Authority
Equilibrium’s a great concept, but the dynamic side has suffered because there aren’t really very good theories on how quickly ideas or events will unfold.
Hal Varian, chief economist, Google
We had to make a decision quickly when we became convinced that the minimum exchange rate was no longer sustainable… We would have been faced with enormous capital inflows and a self-reinforcing speculative attack.
Thomas Jordan, governor, Swiss National Bank
I think [transparency is] a two-way street. If you are more open, you can receive more feedback.
Agustín Carstens, BIS general manager
Editor's choice
Central bank of the year: Monetary Authority of Singapore
Fintech pioneer has strong monetary policy, financial stability and supervisory record
Latest issue
Comment
Latest restructuring boosts the PBoC’s regulatory clout
Supervisory lessons: resolution is a ‘dirty business’
EME central banks can counter the next downturn
Our Take
The Brexit conundrum
The euro: a troubled third decade?
Three tricks to remove a troublesome Eurosystem governor
BoE paper outlines results of uncertainty experiment
Fourth non-bank gains BoE settlement account
RBA’s board stresses uncertain outlook in latest minutes
GDP needs to be supplemented with welfare measure – economist
Riksbank to transfer Skr3.8 billion to Treasury
Bank of Spain paper rejects bitcoin as alternative to large-scale payment system