Central Banks
Bank of Russia sets up two new regulatory departments
Responsibilities include administration regimes, managers’ qualifications and external audit
BoE’s Cunliffe sheds light on investment issues
Lack of access to credit and constraints on the use of internal funds are disrupting investment, BoE deputy says
Philippines central bank enforces virtual currency regulation
Exchanges will have to apply for certificate of registration and implement specific risk management framework
Consumption shows asymmetric response to shocks – BoE paper
Households appear to respond more strongly to temporary negative shocks than positive ones
Staff incentive schemes lead to bad deals for consumers – paper
Colombian paper examines the effect of bank incentive schemes on consumers
ZLB magnifies impacts of uncertainty shocks, paper says
Differences caused by zero lower bound are “economically important”, researchers say
Ukrainian central bank protests over senior official's arrest
Move comes amid political attacks on NBU governor Gontareva
Fed paper flags risk of low rates misallocating capital
Lower rates could be fuelling secular stagnation, authors warn
Future of Greek austerity divides IMF board
Some directors dissent from call to reduce mid-term primary surplus target
Graeme Wheeler to stand down this year
Deputy to take interim role as succession process complicated by elections
Angola disregards IMF advice on exchange rate overhaul
Angolan authorities disagree with IMF over suggested exchange rate framework
Banque de France paper models ‘pandemic’ impact of shocks
Researchers build on other recent models of financial markets
Some credit unions don’t vet senior staff – Irish central bank
“Fitness and probity” requirements not being followed by all unions, report says
Mongolia sees hope of recovery after rough year
Commodity reliant country faced slowing growth and inflation in 2016
Draghi: eurozone ‘bad bank’ would not be ‘panacea’ for NPLs
ECB president also rejects criticisms made by US president’s trade adviser
Capital account management could prevent ‘commodity curse’, BIS paper shows
Authors suggest options for small open economies dealing with commodity booms
Fed unveils stress scenarios under revised testing approach
Severe scenario turned up a notch
National Bank of Poland to release new highest value banknote
Banknote will be the last of the new series, which was first announced in 2014
Kazakhstan’s Akishev sets sights on lower inflation
NBK also working on new banking supervision framework
Macro-prudential spillovers may grow, paper argues
Bundesbank paper uses IBRN data to analyse cross-border effects of policy
Ingves sees cross-border resolution lessons from Swedish crisis
Crisis in early 1990s prompted Swedish authorities to take early action on resolution
US congressman: Yellen must stop international negotiations
Fed must allow President Trump to appoint new officials – Republican lawmaker
BoJ acts to thwart pressure on yields
Central bank commitment to yield curve control faces first serious test