Central Banks
TCH launches real-time payment platform in US
Firm launches US’s first real-time payment system, cutting transaction times from days to seconds
Race to replace Agustín Carstens enters final stages
With less than a month to go before Bank of Mexico governor Carstens retires, analysts review potential candidates
IMF’s Lipton urges eurozone to speed up banking union
First deputy managing director says capital market regulation is needed
Central banks should combine monetary rules to achieve objectives – research
Estimates based on different models should be updated regularly, authors say
Forward guidance essential in times of stress – Fed’s Evans
Chicago Fed president says central banks should plan for “inevitable” future scenarios now
Communication key to convey policies and objectives to public, central bankers say
Yellen, Draghi, Kuroda and Carney reflect on reaction of markets and public to policy communication
Productivity puzzles and the neutral rate of interest
Monetary policy frameworks come under pressure
Sarb rejects postponement calls from public prosecutor
Central bank does not accept Mkhwebane’s latest court request
DLT set to make central banks ‘obsolete’ as payment operators – report
Second phase of MAS’s Project Ubin deemed a success
Book notes: The Right Balance for Banks, by William Cline
Interesting analysis of optimal capital requirements for G-Sibs, examining whether Basel III requirements can stem another financial crisis
Hong Kong seeks mobile wallet capabilities in China
Authorities in drive to ensure Hong Kong mobile phone e-payments work in mainland China
Austrian paper takes detailed look at regulatory integration within EU
Researcher uses “bilateral nature” of EU reforms to help gauge effects
ECB article warns of possible effects of a Chinese slowdown
Looser Chinese monetary policy in response to problems could have significant effect
Accommodative policies can continue in Europe due to weak inflation, IMF says
Reduction of non-performing loans in weak banks remains a priority
BoE to run Chaps payment system
Bank of England moves to “direct delivery model” for payments
Fed’s Harker ‘pencils in’ rate hike for December
Philadelphia Fed governor expects rates to rise 25bp before 2018
Book notes: Hole in the Wall, by James Shepherd-Barron
Cash machines have changed how cash is managed, but is there any future for such machines in cashless world?
SNB’s Jordan defends central bank independence
In contrast to monetary policy, macro-prudential should also be shaped by government
Big data in central banks focus report 2017
The second Central Banking Journal focus report on big data expands on the original study from 2016, assessing how challenges have evolved in the past year.