Feature
Who holds the wealth of nations?
The growth of sovereign wealth funds, often managed outside central banks, has received little attention or analysis. Yet it is a major development in international finance, with implications for central banks writes Andrew Rozanov.
The pact’s last stand
Political tensions have been contained by the deal on deficits, but at what cost to Europe’s fiscal regime and its single currency? William Clarke reports from Brussels.
Dangerous drift in international money
The international monetary situation is being allowed to drift dangerously as the leading countries neglect the risks and ignore calls for reform. Robert Pringle reports from Beijing.
On the record - Mervyn King
In February, Mervyn King raised some thoughtful questions about the way the system works at present, and how it might in the future.
Trapped by the international dollar standard
The three following articles raise troubling questions about the world economy. Here, Ronald McKinnon argues that America’s addiction to deficits distorts the world system.
News Analysis: News in debt
Paul Brione reports on controversial trades, very long bonds and over-issuance in sovereign debt markets.
Revolution in Kyrgyzstan
Robert Pringle recounts how central bank leadership averted a banking panic in Bishek.
Outlook for the Korean economy
Seung Park, governor of the Bank of Korea assesses the country’s economic prospects for 2005.
Politicians’ itch to interfere
Central Banking takes a look at some recent skirmishes between central bankers and politicians. A report by economics correspondent Paul Brione.
A framework for financial stability
Five questions must be answered by those looking for a way to formulate policy in financial stability, says Andrew Haldane.
News Analysis : The rise of reserve management
Nick Carver looks back on two surveys1 of central bank reserve managers.
Lessons learned from outsourcing at Norges Bank
Can a central bank outsource IT services that are systemically important? Semming Austin recounts the approach taken by Norges Bank.
IT systems in smaller central banks
Central bank IT cannot stand still, but limited resources mean smaller institutions must plan carefully, says Terry Beadle.
Central banking on the move
Michael Yorke and Jeff Klein describe how advances in mobile computing can meet the needs of today’s central banks.
Central banking joins the internet age
The internet provides opportunities – but also risks – for central bank services. The authors explain how the Bank of Japan moved over to the net.
Effective IT with limited resources
IT departments in small central banks face particular challenges in providing services. Jennifer Greaves sets out how they can be met.
Managing IT as a business
How can a central bank get the best out of its information technology? Bruce Summers explains.
Iraq’s central bank: in search of a raison d’être
Iraq’s underdeveloped financial markets make it impossible for the central bank to fulfil its mandate argue Matt Sekerke and Steve H. Hanke.
The Bank’s reforms take shape
Central Banking reports on the Bank of England’s plans to revolutionise the way it sets interest rates.
How Tokyo will market the yen
Anthony Rowley reports from Tokyo on plans to sell the yen as a reserve currency.
A new approach to liquidity management
Management of its foreign exchange exposure by a multinational firm provides a template for managing official reserve assets, argues Robert Z. Aliber.
Research on financial stability
This article reviews recent developments in some of the most promising areas of academic research related to financial stability.
The pursuit of financial stability – an outside view
A two-part survey of central banks’ work in financial stability – the first article offers a critical assessment, the second an overview of current policy-oriented research. By Robert Pringle.
Trends in money market operations
How will the Bank of England’s new system compare with the frameworks used by the ECB and other leading central banks? Central Banking looks at recent changes.