Central Banking Journal - Volume XV Issue Number 4
Articles in this issue
Revolution in Kyrgyzstan
Robert Pringle recounts how central bank leadership averted a banking panic in Bishek.
News Analysis: News in debt
Paul Brione reports on controversial trades, very long bonds and over-issuance in sovereign debt markets.
Interview: David Dodge
The governor of Canada’s central bank explains how the institution has contributed to the country’s remarkable recent economic performance.
Trapped by the international dollar standard
The three following articles raise troubling questions about the world economy. Here, Ronald McKinnon argues that America’s addiction to deficits distorts the world system.
On the record - Mervyn King
In February, Mervyn King raised some thoughtful questions about the way the system works at present, and how it might in the future.
Dangerous drift in international money
The international monetary situation is being allowed to drift dangerously as the leading countries neglect the risks and ignore calls for reform. Robert Pringle reports from Beijing.
The pact’s last stand
Political tensions have been contained by the deal on deficits, but at what cost to Europe’s fiscal regime and its single currency? William Clarke reports from Brussels.
Who holds the wealth of nations?
The growth of sovereign wealth funds, often managed outside central banks, has received little attention or analysis. Yet it is a major development in international finance, with implications for central banks writes Andrew Rozanov.
How central banks manage their finance
Robert Sleeper analyses the growing risks on central banks’ balance sheets, and asks: should they hold more capital?
Central banks feel the pinch
A falling dollar and low yields on traditional assets have hit balance sheets hard. Central Banking reports.
Lookouts for financial instability
Can a central bank’s dealers help with market surveillance? Tim Young and John Nugée point to some of the difficulties and possible remedies.
Managing financial research in central banks
All central banks need to motivate and retain top-notch researchers. Philipp Hartmann and Myron Kwast describe how the ECB and the Federal Reserve do it.
The costs of capital inadequacy
Blair Baker reports on why Costa Rica’s central bank cannot afford to lower inflation.
Central bankers’ cosy retreat
For 75 years the BIS has played a central and sometimes controversial role in bringing central banks together. Harold James reviews a new history of the bank.
Obituary: John Page 1923-2005
Elizabeth Hennessy looks back on the career of John Page, whose influence as chief cashier at the Bank ran throughout the City.
