Central Banks
Bank of Israel approves first issue of loss-absorbing bonds
Bank Mizrahi-Tefahot allowed to issue contingent convertible bonds
Risk of banking crisis increases with ‘network centrality’, ECB paper argues
Measurements of a bank’s interconnectedness help predict crises, authors say
RBA’s Debelle outlines potential benchmark rate reform
Australian consultation paper suggests modifications to BBSW
Honohan sets out virtues of new crisis tools in final speech
Irish governor stresses potential of direct recapitalisation and GDP-linked loans
RBA’s Kent sees positive side to Chinese readjustment
China’s economic rebalancing likely to bring benefits to Australia as well as costs
Market and survey-based measures of expectations provide useful information, ECB paper says
Both types of inflation estimate outperform statistical predictions
Changing funding patterns cut both ways for emerging markets, central bankers say
There are risks associated with greater reliance on capital markets
Cyprus must make NPLs ‘number one priority’, international agencies say
Authorities must properly implement proposed loan reforms, joint statement says
Bank of Israel smoothes way for new credit card players
Moves to make it easier to enter the merchant acquiring and credit card market
Turkish paper finds Fed staff forecasts superior to rivals
Forecasts in the ‘Greenbook’ consistently more accurate than commercial equivalents, paper says
IMF urges response to rapid credit growth in Cambodia
Staff report lays out buffet of macro-prudential tools to choose from
Statistical spin may decide severity of trading book rules
Capital increase levied by Basel Committee could depend on use of mean versus median
Canadian paper sees costs to leaning against the wind
Research estimates policy rate differences between ‘lean’ and ‘clean’ central banks
Macro-prudential tools an ‘essential’ part of policy toolkit, Irish deputy says
Data is ‘limited’ but indicates policy is working, says Stefan Gerlach
BoE researchers model trend inflation with ambiguity
Ambiguity an important element of trend inflation model
BIS’s Borio challenges monetary orthodoxies
Rethink of central bank mandates might be needed
Visco questions sufficiency of five presidents’ report
Italian governor stresses importance of political unity for the economic and monetary union
Russian corporate banking recovers despite sanctions and oil price fall, governor says
Bank of Russia ready to expand for large-scale forex operations if oil price falls