Articles by Claire Jones
Faith in Fed's omnipotence must be challenged, says Rajan
University of Chicago professor and former IMF chief economist Raghuram Rajan slams view that Federal Reserve can “wave a magic wand” to cure United States’ economic ills
EXCLUSIVE: We must review how monetary policy impacts prices, says Plosser
President of Philadelphia Fed says central bankers need to rekindle research into monetary transmission in order to better understand relationship between monetary policy and inflation
Interview: Charles Plosser
President of the Philadelphia Federal Reserve tells Central Banking Publications why central banks must review how monetary policy translates into inflation; warns against viewing monetary institutions as omnipotent
EXCLUSIVE: We must accept central banks’ limitations, says Fed’s Plosser
Philadelphia Federal Reserve president warns mistaken view of central banks as omnipotent risks damaging their credibility
Posen breaks with Bank line on inflation
Bank of England’s Adam Posen believes the impact of consistently above-target inflation on expectations has led to high inflation; counters belief that price pressures can be attributed to temporary shocks
EU faces tough call on sovereign scenarios for stress tests
European Union officials split on whether to run sovereign debt scenarios on stress tests; plans afoot to extend number of banks tested
Irish CB “taking action” to fix flaws, says governor
Governor Patrick Honohan tells CentralBanking.com the institution is rectifying cultural and structural problems flagged by his report into central bank’s pre-crisis performance
Pakistan’s governor quits; deputy named interim chief
State Bank of Pakistan governor Syed Salim Raza resigns; deputy governor Yaseen Anwar named acting head
Interview: Howard Davies
The founding chairman of the UK Financial Services Authority discusses Britain’s new regulatory architecture, weaknesses in the European Central Bank’s voting arrangements, and how inflation targets need to change
Former head of UK FSA backs new British supervisory structure
Howard Davies says new coalition government was right to keep banking supervision out of Threadneedle Street
Inflation targets must account for financial stability: former FSA head
Ex-Bank of England deputy governor Howard Davies proposes more flexible inflation target that takes into account credit conditions
Bond vote highlights flaws in ECB’s governance: Ex-FSA head Davies
Former head of UK Financial Services Authority Howard Davies says vote on bond purchases underlines flaws in European Central Bank’s one member, one vote policy
Persistent UK inflation sparks concern over Bank’s forecasting
Mervyn King forced to pen another letter to chancellor as inflation remains way above target
NBB’s Praet backs DG Competition for EU resolution authority
National Bank of Belgium’s Peter Praet says Directorate General for Competition could play credible role in resolving failed banks
Agency didn't follow its models on CDO ratings
A leading rating agency gave triple A ratings to CDO tranches when their own models implied downgrades
Gulf markets integrated enough for monetary union
IMF economists’ work indicates stage set for single-currency project
Interview: Hervé Ferhani
Hervé Ferhani, a deputy director at the IMF, discusses how the role of central banks will change post crisis
Interview: George Milling-Stanley on gold
The managing director, government affairs at the World Gold Council discusses central banks' recent purchases of the precious metal
Roots of CIC investment strategy lie in US relationship
Research sees strategic investment as outcome of Sino-American relations; portfolio management owe little to Santiago Principles a consequence
“Radical reforms” must be considered: UK lawmakers
Head of influential group of parliamentarians says British government wrong to rule out root-and-branch reform; favours contingent capital and subsidiaries to lessen risk of systemic collapse
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
ECB in about-turn on collateral rules
Move reflects concern over Greece; Trichet says graded haircut system set to be introduced
UK debt management official parries demand fears
Co-head of policy and markets says she is confident that market for gilts deep and liquid enough to withstand end of QE
Serbia’s Jelašić in shock exit
Governor says departure down to personal reasons