Central Banks
A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted. Events moved rapidly thereafter
IMF warns low-income countries about higher debt risks
Increased exposure to non-traditional lenders could increase rates and shorten maturities
Fed adviser sets out new equilibrium rate model
Long-term interest rates are more important for spending decisions, author claims
Bank of Russia becomes latest EM central bank to hike
Central bank cites effects of ruble depreciation as it raises policy rate
Erdoğan takes control of Turkey’s SWF
Fund was created in 2016 and holds assets of key national companies
Atlanta Fed tackling commercial banking compliance
Article sheds light on Fed’s approach to supervising smaller institutions
BoE on hold as forecasts ‘broadly on track’
Future rate hikes likely if economy develops in line with projections
Economists call for IMF to become like ‘modern central bank’
Growing demands on the fund require a governance revamp, ‘Geneva report’ argues
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Book notes: The other half of macroeconomics, by Richard Koo
Richard Koo questions whether central bank policy can work during a balance sheet recession, writes Graham Bannock
Lira rallies as CBRT hikes main rate
Currency stages modest recovery, as central bank follows through on promised action
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
Brainard sees room for continued tightening over next two years
But some economists expect growth to slow over the coming year
Bernanke: household borrowing not the main factor in 2008 crash
Panic in financial markets and not household borrowing created deep crisis, former Fed chair says; economists should emphasise credit when modelling
ECB official calls for European action on money-laundering
Corrected: Commission said to be considering enhanced role for EBA after recent scandals
People: Lagarde rules out transition to top EU jobs
IMF chief dismisses rumours linking her to upcoming changes in EU leadership positions; Bundesbank appoints executive board members; Thailand picks board member
Lender of last resort is not enough, says Geithner
There is a lot of “magical thinking” about what central banks can do, says former US Treasury secretary
Technology shocks unbalance job market – paper
A technology shock that permanently raises productivity leads to unemployment, authors say