Feature
Barbados sails on
A variety of policy instruments are needed for the central bank to meet the challenges of a small open economy, writes Bernard Codrington of the Central Bank of Barbados
How payment systems affect monetary policy
Payment systems provide the means for making monetary policy. Plans for reforms in one must consider effects on the other, writes Stefan W. Schmitz
How safe are your reserves?
A case before the English courts has highlighted concerns over whether sovereign immunity applies to central bank reserves, writes Charles Proctor.
How the People's Bank is shaping China's financial sector
Hui Feng explains how China's Central bank has become the leading force in the country's banking reform and financial restructuring
What to expect from Singapore
What will be the key talking points at the IMF's annual meeting in September? Marc Uzan, director of the Reinventing Bretton Woods Committee, explains
Policy coordination and future IMF surveillance
Alexander Swoboda analyses past attempts at international policy coordination, and asks what role a newly mandated IMF should play in unwinding global imbalances
How cashless payments will reshape Asian commerce
Sayan Pariwat makes the case for electronic payments in economies where cash is still king
More transparency may harm bond markets
More transparency in European bond markets may mean less liquidity according to a recent report
How the euro gives Britain a free ride
New research suggests Britain and other European countries that have not adopted the euro have nevertheless benefited from it nearly as much as insiders, without giving up policy autonomy
Kuroda's crusade for the ACU
What's behind the Asian development Bank's push for a single currency in Asia? Anthony Rowley reports
Eastern Europe's risky credit boom
Sky-rocketing lending is a real worry for policymakers, but with one eye on the euro, their options are limited writes Dubravko Mihaljek
Questions Governor Fukui still needs to answer
Unanswered questions arising from the Murakami affair still threaten the Bank of Japan's credibility, writes Hisashi Harui
The new dilemma facing central banks
Central bankers have been praised for low inflation but how much credit do they deserve? As the global economy takes a turn for the worse, we will soon find out says John Nugee
Time for a monetary policy rethink
A succession of asset bubbles show the folly of too strict a focus on inflation. Central bankers should be more flexible, says Stephen Roach
Bank beds in its new money market
Paul Brione spoke with Paul Tucker on the completion of a major project at the bank of England
A world out of balance
America’s deficits may not herald disaster says Angel Ubide, but should lead to questioning national monetary policy frameworks.
A strong case for regional monetary cooperation
Charles Wyplosz looks at how policy at the regional level can underpin efforts to unwind global imbalances.
East Asia’s policy dilemmas
Regional cooperation on exchange rates would suit East Asia, but poor relations between China and Japan mean it is unlikely, argues Yung Chul Park
Challenging the Washington Consensus
Blaming the other side is not the way for the major economic players to tackle global imbalances, says Richard Portes.
A few thoughts on the global situation
Policymakers around the world must act to restore order to the global economy says Jacques de Larosière.
The difficult choice of an inflation target
Although “headline” measures of inflation are more volatile than “core” measures, central banks are increasingly adopting them as targets. Stall writer Malan Rietveld finds out why.