Feature
Website of the year: European Central Bank
The European Central Bank built one new website and overhauled another in the year under review – adopting the best practices in responsive design and tailoring both for a mobile audience
The big data revolution and central banking
Central banks are increasingly turning their attention to the challenge of analysing very large datasets. But is ‘big data’ as revolutionary as some claim?
Improving banknote efficiency in India
The RBI manages nearly 80 billion banknotes in circulation – a number set to grow by more than 5% per annum. Vijay Shekhawat explains how the central bank is optimising its banknotes business
Harnessing network theory for more prudent bank supervision
Closer supervisory activities and data-sharing post-crisis offer the potential to harness network techniques to gain an improved understanding of financial risks
Post-conflict central banking
Building the integrity and operational soundness of central banks is a vital priority for post-conflict countries.
The Islamic liquidity facility conundrum
The rapid growth of Islamic finance could undermine both financial stability and monetary policy if central banks do not set up sharia-compliant facilities
Asia’s Basel III woes
New bank capital rules are bridling Association of Southeast Asian Nations banks with regulations tailored to European and American risk profiles, and may be contributing to a slowdown in growth
Cuba: coming in from the cold
The Central Bank of Cuba faces a number of challenges should the country press ahead with economic reform and reintegration in the global financial system
Japan lashed by the Fed
The Abe government is using a questionable reading of history to justify policies that are increasing rather than reducing the gloom over Japan’s prospects
Fed comes under renewed fire as governance structure challenged
An under-staffed board, embarrassing leaks and outspoken regional presidents pose challenges to the Fed as it seeks to exit loose monetary policies. Is it a good time to review its governance structure?
Can inflation derivatives help the ECB hit its inflation target?
The ECB could reinforce its pursuit of price stability by using inflation derivatives should current tools prove insufficient or the implementation of QE encounter technical difficulties
Managing financial stability, monetary systems and the economic order
If policy-makers fail to address the challenges presented by strong feedback loops between the economic and monetary systems, the next crisis could seriously damage faith in market-based economies
The Fed’s impact on emerging market sovereign wealth investors
With central bank reserves seeing their biggest drop in more than a decade during the second quarter of 2015, Arvid Ahlund asks if tighter US policy will make matters better or worse
Greek lessons for central banks acting as lenders of last resort
Is it appropriate for a central bank that also acts as lead financial supervisor to act as a lender of last resort at a time when its actions are becoming quasi-fiscal in nature? By Ludek Niedermayer
BIS annual report launches new line of attack on old fears
Analysis of financial cycles creates a new opportunity to drive home fears about rates being too low for too long – but are central banks listening?
Eurozone central bank policy challenges and risks
ECB governing council member Ignazio Visco explains why Europe needed an expanded asset purchase programme despite potential issues associated with moral hazard and financial instability
The IFF China Report 2015: The Chinese economy at a crossroads
Policy-makers offer insights into the structural transformation of the Chinese economy, financial deepening, trade and development, and the role of the renminbi in the international monetary system
The rising international role of the renminbi
The global reach of Chinese investment and the renminbi have expanded rapidly over the past few years. The currency’s journey is seen by some as a reflection of China’s global ambition and expansion
Former PBoC chief explains why RMB evolution brings benefits to China and rest of the world
Dai Xianglong, former chairman of China’s National Social Security Fund (NSSF) and former president of IFF, backs the idea of the internationalisation of the renminbi and the benefits it could bring
Bank of China chairman on RMB internationalisation moving from strength to strength
The renminbi now ranks second in the world’s most-used currencies in trade finance, and its internationalisation has gone from strength to strength, says Tian Guoli, chairman of the Bank of China
Justin Lin on fixing the fault lines of the international monetary system
Former chief economist at the World Bank, Justin Lin, explains why US, not Asian, policies caused the financial crisis and recommends how to fix endemic global imbalances
ICBC chairman on the overseas expansion of China’s banking industry
ICBC chairman and president of IFF, Jiang Jianqing, details the challenges Chinese financial institutions need avoid as they continue to expand their global operations
CIC's Li Keping on fine-tuning the new era of Chinese outbound investment
Li Keping, vice-chairman of China Investment Corporation (CIC), pinpoints how to overcome challenges to create co-operative foreign investments mutually beneficial to China and host countries
China's ‘One belt, one road’ vision to strengthen co-operation
The ‘One belt, one road' vision reflects both the demand from countries to release infrastructure bottlenecks and improve connectivity, as well as a need for China's own development and security