Feature
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.
Time for the ECB to intervene
Charles Goodhart makes the case for Europe’s central bank to sell the euro.
China will hold down the Rmb
This comment is contributed by Steve Hanke, professor of economics at Johns Hopkins University.
China’s reform of its banking system
Li Ruogu highlights four key areas where China has looked to strengthen its burgeoning banking sector.
Last through the door?
Bulgaria, Croatia and Romania may be the last countries to join the EU, and they are taking very different paths to the euro. Nick Carver reports.
Weber stands his ground
Tussles with government have tested his mettle, but Axel Weber has impressed in his first year at the Bundesbank, writes Marietta Kurm-Engels.
Dear Jean-Claude...
Changing the way the ECB works would improve its image and make your job easier, writes Charles Goodhart in an open letter to the ECB’s president.
One size fits none
As the German economy stalls, should the ECB shift its policy focus from the eurozone as a whole? By Henrik Enderlein.
Obituary: John Page 1923-2005
Elizabeth Hennessy looks back on the career of John Page, whose influence as chief cashier at the Bank ran throughout the City.
Central bankers’ cosy retreat
For 75 years the BIS has played a central and sometimes controversial role in bringing central banks together. Harold James reviews a new history of the bank.
The costs of capital inadequacy
Blair Baker reports on why Costa Rica’s central bank cannot afford to lower inflation.
Managing financial research in central banks
All central banks need to motivate and retain top-notch researchers. Philipp Hartmann and Myron Kwast describe how the ECB and the Federal Reserve do it.
Lookouts for financial instability
Can a central bank’s dealers help with market surveillance? Tim Young and John Nugée point to some of the difficulties and possible remedies.
Central banks feel the pinch
A falling dollar and low yields on traditional assets have hit balance sheets hard. Central Banking reports.
How central banks manage their finance
Robert Sleeper analyses the growing risks on central banks’ balance sheets, and asks: should they hold more capital?