Central Banking
Latest
Chinese state-run banks start testing PBoC’s ‘e-wallet’
Four biggest state banks trialling payments system for PBoC’s “digital yuan”
Covid-19: a watershed moment for China’s BRI?
China faces a delicate task as its restructures debt while striving to preserve the soundness of its banks
People: RBNZ and Bank Indonesia appoint new deputy governors
Crane Currency names new president; Tainui-Hernandez and Joewono take up deputy governor roles
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
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Comment
How will Covid-19 hit central banks’ financial results?
How vulnerable are EMEs to renewed Covid-19 turbulence?
What makes for good financial supervision?
Our Take
Covid-19: a watershed moment for China’s BRI?
High US inflation should not be ruled out
Central banking enters a new era
ECB paper looks at Bayesian nowcasting
BIS economists test fixes for credit-to-GDP gap
LTV ratios need reform, ECB paper argues
Bundesbank paper examines stress-test models
New York Fed paper examines MBS price dislocations in March
Improvements in US consumer expectations halt in July