Central Banks
Book notes: Edge of chaos, by Dambisa Moyo
John Chown applauds Moyo’s analysis of how the current democratic framework is failing
People: Thailand appoints new deputy governor
The Central Bank of Chile appoints two division managers; RBNZ communications chief resigns
Bank of Thailand to test use of digital currency for interbank settlement
Governor says bank is close to finishing proof-of-concept for digital bond issues
Resolution still essential for CCPs – BoE’s Cunliffe
Despite high loss absorbency, CCPs still need a resolution framework, deputy governor says
IMF urges Algeria to abandon monetary financing
Fund says a weaker dinar would support efforts to reduce debt
Sarb says blockchain project exceeds expectations
System has capability to process twice the number of transactions as the current RTGS system
Some macro-prudential policies may increase income inequality – DNB paper
Researchers look at data from 69 countries from 2000–13
RBI pledges to create public credit register
Existing system is fragmented, making it hard to accurately assess a borrower’s credit history
Switzerland weighs bold monetary experiment
On June 10, Switzerland will vote on whether to revolutionise its monetary system
Creating a diverse workforce isn’t easy – San Fran Fed’s Daly
Improving diversity in the research department has taken concerted effort, says Mary Daly
Riksbank says Nordea’s relocation to Finland could increase financial risks
ECB expected to decide later this month whether to grant banking licence to Nordic lender
BoJ’s bond purchases impact credit spreads – paper
The BoJ’s corporate bond holdings have reached $29 billion, or about 0.6% of GDP
Riksbank considers joining eurozone’s real-time payments network
Stefan Ingves says central bank may have to investigate issuing a digital currency
First female governor appointed to Bank of Macedonia
Deputy governor appointed after lawmakers reject second term for incumbent
DNB develops new instant payment network
Banks will be able to process payments within seconds by mid-2019, the central bank says
Is the US dismantling Dodd-Frank?
Richard Heckinger asks whether recent amendments to the Dodd-Frank Act amount to technical tweaks or full-scale rollback
Good policy makes Phillips curve harder to identify – BoE’s Tenreyro
MPC member argues fears the Phillips curve has disappeared are “largely misplaced”