Central Banking Journal - Volume XXVIII Number 1
Articles in this issue
Brexit drives a wedge between BoE and markets
Market view of future UK rates appears out of line with Monetary Policy Committee
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
FDIC’s Hoenig on restoring the structural integrity of banks
Core banking activities should be ring-fenced with 10% equity, and rest left to market forces
Indonesian deputy Perry on revolutionising monetary and financial policy
Perry Warjiyo explains central bank’s radical overhaul of monetary policy operations, market deepening and financial inclusion in Indonesia
The changing composition of central bank balance sheets
QE has discouraged structural change and masked increasing debt leverage
Addressing the eurozone’s ‘lemons’ problem for NPLs
State-supported securitisation could help restore market function
Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
John Taylor writes about economist who defied tradition and had major influence on central bank policy
“What would Allan say?”
Central Banking Publications founder Robert Pringle finds pearls of wisdom in his email correspondence with the late Allan Meltzer
Piecing together a financial theory of stagnation
Thinkers at the BIS AGM offer views on how the financial system may be dragging down the real economy
The BoJ’s exit policy and balance sheet risks
Meticulous sequencing of events needed to ensure sustainability
Where have all the women gone?
Number of women working at central banks has increased substantially, but glass ceiling appears to remain for those reaching for senior management positions
Book notes: Gaining Currency, by Eswar Prasad
A detailed study into the renminbi’s journey to becoming the reserve currency
Book notes: Fed Up, by Danielle diMartino Booth
A “fascinating but annoying” account by US Fed insider who openly criticises culture of US central bank
Book notes: Crash Bang Wallop, by Iain Martin
A comprehensive study of the City of London and how it became the world’s leading financial centre prior to the financial crisis and the UK’s vote to leave the European Union
Book notes: Can We Avoid Another Financial Crisis?, by Steve Keen
Steve Keen challenges “mainstream” economic thinking in this concise book