Central Banks
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Liberia’s central bank says all ‘missing’ banknotes are accounted for
Internal investigation concludes banknotes ordered between 2016 and 2018 were delivered to vault
Zimbabwe banks ordered to ring-fence foreign currency accounts
Move appears to be a step towards de-dollarisation
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Williams softens stance on neutral rate
“At times r-star has actually gotten too much attention”, says New York Fed president
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Bank of Canada launches new communication initiative
Central bank hopes new publication will promote financial literacy among Canadians
ECB says Cyprus must act carefully over NPL plans
Government must also take care over treatment of assets of collapsed bank, ECB cautions
People: Mexico appoints board member
Jonathan Heath to join Bank of Mexico board; new deputy governor in Solomon Islands; Google’s Julien Blanchez to head Swift data analytics
Uncertainty over monetary policy is ‘recessionary’, researchers say
Forward guidance reduces uncertainty and supports the economy, paper finds
Dominican Republic keeps rate on hold
Inflation decreased to target in August
Gita Gopinath named IMF chief economist
The Harvard academic is a specialist in international finance and an adviser to central banks
EBA raises ‘serious concerns’ over Malta’s AML regime
Enria calls for changes to EU’s AML regime and says Maltese authority must make major changes
Global output gap matters for inflation – BIS paper
Authors find domestic and global output gaps both important, but effects differ across economies