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Indonesia considers new riskier tranche for reserves – Budianto
Head of reserves says political risks are more worrying than portfolio flows
IMF’s Adrian sketches macro-financial model of term premium
Tobias Adrian outlines a new way of modelling financial cycles within a New Keynesian framework
ECB council worries about euro’s strength, though recovery continues
Minutes of July’s monetary policy meeting suggest low inflation warrants loose policy
Quotes
We could not have survived this crisis without the ‘Main Street’ structure of the Fed. If it had just been a New York Fed… [it] would have faced a more severe backlash and possibly elimination
James Bullard, president, Federal Reserve Bank of St Louis
As internet access increases and encryption technology improves, digital currencies have the capacity to reduce operating costs, increase efficiency and enable a wide range of new applications
Fan Yifei, PBoC deputy governor
I have always strived to maintain the appropriate balance between transparency and confidentiality, but I regret that in this instance I crossed the line to confirming information that should have remained confidential
Jeffrey Lacker, former president, Federal Reserve Bank of Richmond
Market discipline is done away with by interventions by the ECB. So there is no fiscal control mechanism from markets or politics. This has all the elements to bring disaster for monetary union
Otmar Issing, founding executive board member, European Central Bank
If the Americans do not implement the Basel III framework, we Europeans will certainly not introduce the new rules unilaterally – and the whole world will suffer the consequences
Andreas Dombret, member of the executive board, Deutsche Bundesbank
Editor's choice
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
Trendlines
Latest issue
Comment
Zhou did not get what he wanted, but has not left empty-handed
Draghi, quo vadis?
BoJ faces growing communications challenge
Our Take
Brexit drives a wedge between BoE and markets
Are central banks allowing markets to get a bad name?
Tackling the ‘human agency’ problem
Sarb expands financial supervision
RBA payments board backs ‘digital identity’ for Australians
Oil prices feed through to core inflation – Fed paper
National Bank of Denmark sees "major challenges" for Greenland’s economy
Fed’s liquidity policies more restrictive than other central banks
Argentine governor acknowledges rate cuts were too abrupt