Central Banking
Latest
Croatia and Bulgaria join ECB’s exchange rate mechanism
Both countries move closer to eurozone membership as largest Croatian banks come under SSM
After social distancing: prepare for national distancing
If the pandemic triggers production onshoring, international capital flows will come under a spotlight
RBI’s Das calls for legislation on resolution corporation
Several banks in India remain troubled, and Covid-19 may trigger further problems, governor says
Quotes
The big risk [the Fed's] taken – and it is an enormous risk – is by not just venturing into investment-grade credit, but also in venturing into parts of high-yield credit
Mohamed El-Erian, chief economic adviser, Allianz
We remain very committed to blockchain architecture as a distributed ledger technology for this project. Without it, the project doesn’t achieve many of the efficiencies
Dante Disparte, vice-chairman, Libra Association
Europe is not only the ECB. These measures buy time again. But there must be a political decision to put in place a fiscal structural mechanism.
Peter Praet, former chief economist, European Central Bank
Yield curve control has not helped to raise aggregate demand, demand for credit, inflation or inflation expectations – just like quantitative easing and other tools adopted in Japan
Sayuri Shirai, former policy board member, Bank of Japan
If I have gold, I am not going to be told by the US government that my US dollars are not usable. This is fundamentally reassuring.
Jacques de Larosière, former managing director, International Monetary Fund
It may, over time, look like the manager of the one of the world’s largest single pools of financial assets trying to run a central bank on the side.
Knut Kjær, former chief executive, Norges Bank Investment Management
You probably think minutes are a gold mine. Well, they are like a gold mine in that there is a whole bunch of rock and not much gold.
Stephen Poloz, governor, Bank of Canada
Editor's choice
Hélène Rey on macro-financial distortions and ‘phase 2’ of Covid-19
Economist speaks about policy distortions, debt and AI ‘early-warning’ models
Comment
After social distancing: prepare for national distancing
Balancing data policies: what Covid-19 taught us
The Fed must be careful to avoid bank deposit crowding out
Our Take
High US inflation should not be ruled out
Central banking enters a new era
Global carbon taxes are coming: central banks must prepare
Trust in big tech falters during pandemic – research
Yaron supports Israel’s increased fiscal stimulus
Haldane and co-authors conclude QE has made UK happier
EME financial markets are still vulnerable – BIS paper
Bank of Mauritius extends Covid-19 support measures
US should extend benefit payments for long lockdown – ECB paper