Central Banks
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of the renminbi hamper the euro’s progress
Sarb’s Mminele calls for action on benchmark reforms
There is a considerable amount of work to be done before the transition, Daniel Mminele warns
Africa at risk from faster policy normalisation – Kenya’s Nyaoga
Higher interest rates could threaten portfolio inflows for a region struggling with price rises
Bruno and Shin investigate EM firms’ dollar vulnerabilities
BIS paper highlights negative effects of US dollar strength on emerging market firms, as figures show dollar borrowing is still on the rise
New York Fed files to dismiss narrow bank lawsuit
“The costs are real and continuing”, TNB says, as the New York Fed continues to delay
Turkish central bank on hold as lira finds support
Central bank holds main rate in first decision after September’s aggressive tightening action
Norges Bank keeps rates unchanged after September hike
Executive board notes higher inflation expectations in Q4
ECB’s normalisation could spell trouble for Italy’s bond market
Rome’s budget row with Brussels escalates just as QE is about to halt
Jamaican finance minister clears a path for central bank independence
Legislative move a “big and important step”, says Bank of Jamaica's governor Brian Wynter
Bank of Canada resumes rate hiking
New trade deal, business confidence and household credit moderating gives green light to rate rise
Donnery and Enria in contention for top SSM job
Shortlist narrows after closed-door session at the European Parliament
ECB paper presents new sovereign stress model
New method builds on earlier CISS model to measure systemic stress in eurozone
Dallas Fed paper analyses monetary policy rules
Results are in “stark contrast” to previous research, authors say
Podcast: Arthur Turrell on agent-based modelling
The Bank of England economist says ABMs should complement, not replace, other models
Former Fed chair laments US disarray
“How can you run a democracy when nobody believes in the leadership of the country?”, Paul Volcker asks
Cyprus inquiry into failed bank hears conflicting allegations
Inquiry told of strong political influence over Co-op Bank
Bank Indonesia pauses on rate hikes
Central bank keeps rates unchanged as recent data helps shore up the rupiah
RBNZ plans tougher discipline on banks’ regulatory breaches
Proposals would see major breaches linked to disclosure dashboard, highlighting when a bank has broken the rules
PBoC moves to boost lending amid trade tensions
Efforts towards deleveraging are being put on ice as the economy slows