Central Banks
Vocalink to provide Canada’s real-time payments infrastructure
Mastercard company wins contract to provide infrastructure and support services for “real-time rail”
Book notes: The great demographic reversal, by Charles Goodhart and Manoj Pradhan
An important book, predicting that powerful demographic forces will upend conventional thinking on macroeconomics and policy
Has Covid-19 made gold shine brighter?
The price of gold has skyrocketed this year, but central banks have not flocked to invest as they have done in the past, write Rachael King and Victor Mendez‑Barreira.
Trump nominee Shelton moving closer to Senate vote
Observers say Murkowski’s statement removes one potential barrier to Shelton being approved
Eurozone must not cut fiscal support too soon – IMF official
Environment favours public investment, but spending must be transparent, says fiscal affairs director Vítor Gaspar
Nordic central banks sign currency swap agreement
Norwegian, Swedish and Danish central banks conclude bilateral swap deals
UK government pledges economy-wide climate disclosures by 2025
FCA says firms worth $3.8 trillion will disclose climate risks over next three years
BoE’s Cunliffe: hedge funds played key role in March ‘turmoil’
Risk management actions by leveraged funds can destabilise the financial system, deputy says
Vietnamese politburo warns former central bank governor
Nguyen Van Binh formally warned over handling of bad debts and loans to bank
Bank of Italy paper looks at flatter Phillips curve
Weaker collective bargaining has played key role in flattening relationship, researchers say
RBNZ extends some emergency measures
New Zealand central bank delays capital changes again and may reinstate LTV limits
A 19th century bank failure holds lessons for stablecoin era – BIS paper
Bank of Amsterdam’s early “stablecoin” fell apart as the bank lent more freely, authors say
BoE warns banks: start preparing for a higher carbon price
Risk Live: stress tests should assume rising carbon price, regardless of government policy, says Breeden
Vietnamese central bank gets first female governor
Deputy governor Nguyen Thi Hong to become the first governor of State Bank of Vietnam
RBNZ launches funding for lending programme
Central bank avoids taking rates negative but says the policy remains an option
Lagarde signals Covid-19 stimulus will remain active for longer
Asset purchases and bank lending programmes will be key ECB tools; rate cut not mentioned
BoE paper offers solution to ‘paradox of flexibility’
Using shadow rate can avoid anomalous results at zero lower bound, authors say
IMF postpones 2021 annual meeting in Morocco
Meeting will go ahead in Washington, DC, instead, with new Marrakesh date scheduled for 2022