Feature
The debate on global imbalances
Paul Brione reviews how leading economists have analysed the build-up in global imbalances and how they envisage resolution.
Performance measurement in central banks
Iain Thomson suggests ways central banks can incorporate best practice in commercial-sector performance measurement.
Should reserve management be farmed out?
Why some do and some don’t outsource reserve management. Nick Carver reports.
The ECB’s collateral framework
Francesco Papadia rebuts criticisms that the way the ECB treats government securities keeps market spreads artificially low.
The new Banca d’Italia
Mario Draghi’s first actions as governor have brought a much-needed breath of fresh air to the Banca d’Italia. Isabella Bufacchi reports from Rome.
Managing liquidity risk in a global system
In this exclusive article, Sir Andrew Large worries about the robustness of the financial system in times of stress – and calls for greater clarity from policymakers about lender-of-last-resort issues.
Reflections on central banking
How has central banking changed in the past generation? Alan Greenspan gave his considered views at Jackson Hole in August 2005.
Greenspan’s legacy
Allan Meltzer explains how Alan Greenspan’s leadership of the Fed has re-written the rules of monetary-policy making.
All eyes on the rand
Inflation is on target, but the exchange rate still dominates economic debate, writes Malan Rietveld.
Central bank staff costs
Paul Brione analyses the cost of central bankers across the OECD.
Beware fads and fashions
The latest fashion in accounting standards will not deliver good central banking says John Nugée.
The Riksbank’s ongoing efficiency drive
This article, the first in a special feature modernising central banks, looks at the Riksbank’s drive to improve efficiency in cash handling, payment systems and reserve management.
Japan’s debt dilemma
After years of stagnation, Japan’s economy is at last stirring. Yet rising yields threaten new financial crises. Anthony Rowley reports.
Managing with negative capital
How does the Czech National Bank deal with the negative capital on its balance sheet? Jan Frait explains.
Fischer wows Israel
Stanley Fischer has ambitious plans to reform the Bank of Israel. Dan Gerstenfeld reports.
Accountability – a politician’s view
David Ruffley discusses how the Bank of England’s accountability has developed in recent years.
An insider looks back at the Greenspan Fed
Edward Gramlich, who recently retired as a Federal Reserve governor, discusses some highlights of his term in office with Blair Baker and Erin Kogan.
Bernanke on Bernanke
Central Banking selects key remarks on major policy issues by the Fed chairman- elect.
Sovereign asset and debt management
The following is an executive summary of the proceedings of Central Banking’s conference, “Sovereign Asset and Debt Management”, held in London on June 20-21.
Unfinished business on sovereign debt
Contractual innovations have solved some of the problems in restructuring sovereign debt, but others remain – notably the role of the IMF. Report by Paul Brione.
Learning to live with IFRS
How central banks are facing up to – or ducking – their obligation to implement international accounting standards
Accountancy’s golden puzzle
The introduction of international accounting standards are proving a headache for central banks with gold holdings. Chris Sermon has a way forward.
Towards a new Plaza Accord?
The explosive growth in Asian reserves puts a premium on international action to redress global imbalances. By Jean-Jacques Rey.
China’s currency conundrum
China’s exchange rate reform does not solve the problems facing international policymakers says David Hale.