Risk.net
Latest
RBI governor: India must ‘brace’ for global turbulence
Shaktikanta Das stresses need to stay firm on banks’ asset quality, despite earlier leniency
Outstanding contribution for capacity building: Warren Coats
For extraordinary work with more than 20 central banks in highly challenging circumstances
New chairman takes over at Bermuda Monetary Authority
Gerald Simons retires after six years in the post
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
Staff cuts made at majority of central banks since 2013
But staff numbers grow at several banks, including ECB and Bank of England
Latest issue
Comment
Supervisory lessons: resolution is a ‘dirty business’
EME central banks can counter the next downturn
Media matters
Our Take
The euro: a troubled third decade?
Three tricks to remove a troublesome Eurosystem governor
Can central bank revamp help Tunisia remain a ‘public good’?
BoE paper studies CoCo effects in ‘one-shot game’
Riksbank’s negative rates successfully passed through to economy – research
Paper proposes ‘re-engineering’ US statistics
Crypto assets hobbled by proof of work, finds BIS economist
Innovation prompts firms to hold more cash – IMF paper
Establishing the Fed worsened the Great Depression – St Louis Fed paper