Articles by Central Banking Newsdesk
People: Riksbank vice-chairman to head FSA, former Hungarian governor new CFO at EBRD
Sven-Erik Österberg will chair Financial Supervisory Authority from January; Andras Simor changes role at European Bank for Reconstruction and Development; More
Spanish economists devise system for detecting risks to budget forecasts
Working paper published by the Bank of Spain presents a new ‘toolkit’ to monitor the government budget in real time; authors say it will help protect state’s reputation
Academics in charge make companies better off, Bank of Finland paper finds
Discussion paper finds that firms benefit from having academic directors, who are associated with improved acquisition performance and higher numbers of patents
Fischer keen to add financial stability to Fed mandate
Fed vice-chair Stanley Fischer praises progress with reforms in his first speech since becoming second in command; open to reforming the Financial Stability Oversight Council
Forecasting of ECB and New York Fed became ‘noticeably worse’ during crisis
Researchers at the ECB and New York Fed examined forecasting performance of their central banks; finding they suffered during the crisis, but not more than external parties
Balance between Hong Kong and Singapore ‘vital’ for financial stability
Researchers at the IMF find Hong Kong and Singapore complement each other as financial centres because they specialise in different markets and clienteles
Central Bank of Colombia looks to Switzerland for help on financial stability issues
Colombian central bank signs two-year capacity-building agreement with Swiss authorities; Azerbaijan governor praises SNB's ‘technical assistance'
BoE's Andrew Bailey says Basel III will be more transparent in the future
Head of the Prudential Regulation Authority also argues level of ‘precision' for rules sought by banks and investors ‘is not realistic'
ECB finds Phillips curve 'insufficient’ to forecast inflation
Article in latest ECB monthly bulletin finds evidence of a ‘curve-type relationship’ between inflation and economic slack, but the specification is ‘subject to considerable uncertainty’
Central banks wrong to try and close output gap, says RBNZ's McDermott
Reserve Bank of New Zealand assistant governor John McDermott says the role of monetary policy is to keep inflation predictably low, not try and boost output
Fed set to finish taper in October
FOMC mulls decision on whether to raise Fed funds rate or shrink balance sheet first before year-end; fears either strategy could jeopardise Fed's communication efforts
Incoming BoE deputy Shafik says SSM makes working with ECB more important than ever
Minouche Shafik says single supervisory mechanism will improve co-ordination with Bank of England, but that it is too early to tell whether 'huge' project will be successful
Malawi cuts policy rate in line with falling inflation
Less pressure on prices and a more stable exchange rate meant an even bigger cut was on the cards, but the MPC preferred to wait and see what the budget brings
IMF paper examines banks’ public bond holdings
Working paper published by the IMF finds that large banks accumulate high-risk public bonds during sovereign crises; examines relationship with bank lending
Noyer backs ECB minutes to shed light on ‘complex’ monetary policy
Banque de France governor Christian Noyer explains why the ECB should start publishing accounts of its monetary policy discussions, but stresses need to preserve ‘collegiality’ on the council
Georgia selects symbol for national currency
Central bank hopes new symbol, chosen by a commission guided by a public vote, will increase the popularity of the lari
FOMC members offer conflicting takes on US inflation path
Jeffery Lacker says inflation is moving closer to the Fed's 2% target, while Narayana Kocherlakota warns reaching it may take another four years
Trinidad governor threatens senator with legal action over ‘defamatory' comments
Jwala Rambarran takes action over claims he is ‘playing dolly house' with foreign reserves; says he will seek ‘substantial damages' unless public apology is issued
Colombian monetary policy-makers ignore World Cup effect
Decision to raise interest rates attributed to rising inflation expectations - which were not put down to the country's footballing success
European researchers examine impact of capital inflows on long-term interest rates
Bank of Portugal working paper says the foreign accumulation of eurozone bonds may have led to “excessive risk-taking” at a global level by depressing interest rates
Nakaso backs BoJ to exit QQE smoothly
Bank of Japan the only central bank with experience in exiting QE; Hiroshi Nakaso says it has an ‘extensive’ range of instruments at its disposal
Highly indebted poorer households pose risk to Israeli banking system
Bank of Israel says lenders should look more carefully at ‘payment-to-income' ratio, which is highest for those households most exposed to macro- and micro-level economic shocks
Cut in capital requirements opens door for new UK banks
Regulators say efforts to lower barriers of entry for small banks, including lower capital requirements and easier application process, is spurring competition
Luxembourg paper busts myth of money ‘parked’ with central banks
Researcher at the Central Bank of Luxembourg argues the increase in central bank deposits in the Eurosystem is not a reflection of banks’ lending habits