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People: Olli Rehn enters office as Bank of Finland governor
PBoC governor joins G30; new board members appointed at Barbados’ central bank; and more
Infrastructure financing not harmed by post-crisis reforms – FSB
First study of regulatory impact on intermediation finds infrastructure finance largely unscathed
ECB’s easing policies reduced inequality, paper says
Overall effects of monetary policy on income inequality are modest, paper finds
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
We see a strong, determined and young leadership with a focus on changing politics, society and the economy. The main impact for Sama is in the economic area.
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
There is empirical evidence that within the range of capital we are talking about in these regulations, it is the well-capitalised banks that provide lending; it is the well-capitalised banks that contribute to growth.
Jaime Caruana, BIS general manager
Editor's choice
Bank of Jamaica’s Wynter on the path to inflation targeting
Brian Wynter speaks about revamping Jamaica’s policy toolkits
Trendlines
Latest issue
Comment
BoJ looks set to cut its inflation forecast – again
Italy’s trial
Central banks need a consistent approach to accounting for monetary gold
Our Take
New Jamaican law could end Caribbean’s ‘colonial era’
Argentina falters at ‘historic’ moment for BCRA
Time for Central Bank of Argentina independence
NPLs hindered financing for eurozone banks - Boston Fed paper
South African central bank predicts higher inflation and more rate rises
Banque de France paper finds ‘behavioural channel’ to QE
Housing bubbles can boost credit supply, Spanish paper finds
Paper looks at impact of financial shocks on US labour markets
Forecasting yield curve inversion is hard – Cleveland Fed research