Central Banking
Latest
Covid-19 challenges IMF debt-restructuring framework
Process needs tweaking to address pandemic-related issues, former IMF general counsel says
New York Fed study exposes ‘disturbing’ reality for black-owned firms
Data shows black-owned firms were disadvantaged from the start of the pandemic
Detail matters when monitoring external imbalances – IMF research
Gross external debt is one of the clearest signs of vulnerability, study finds
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
The evolving role of central bank money in payments
The multiple-issuer/one-currency paradigm is set to remain in a CBDC world
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
High US inflation should not be ruled out
Central banking enters a new era
Global carbon taxes are coming: central banks must prepare
IMF supports Riksbank’s criticism of proposed central bank law
Costa Rica to issue first polymer banknotes
IMF economists call for action on global imbalances
Lane stresses inflation will determine ECB’s PEPP purchases
BIS’s Restoy: Covid-19 blurs lines between policy instruments
BIS’s Hong Kong innovation hub launches trade finance competition