Opinion
Archive – EMU: a sceptical US view
Allan Meltzer explains why he is worried about union by back door; first published in November 1997
“What would Allan say?”
Central Banking Publications founder Robert Pringle finds pearls of wisdom in his email correspondence with the late Allan Meltzer
Zhou did not get what he wanted, but has not left empty-handed
China's focus shifts to systemic risk and regulation, and away from liberalisation and innovation
Brexit drives a wedge between BoE and markets
Market view of future UK rates appears out of line with Monetary Policy Committee
Draghi, quo vadis?
Jesper Berg warns improved outlook in eurozone creates a host of problems for ECB
BoJ faces growing communications challenge
BoJ embarks on third attempt at unlimited fixed-rate outright JGB purchases
Fixing the ‘perverse incentives’ in the SLR
Richard Heckinger warns supplementary leverage ratio could discourage use of CCPs
Are central banks allowing markets to get a bad name?
Asian offshore derivatives trading dispute raises questions about the role of markets
FDIC’s Hoenig on restoring the structural integrity of banks
Core banking activities should be ring-fenced with 10% equity, and rest left to market forces
Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
John Taylor writes about economist who defied tradition and had major influence on central bank policy
The ECB must reform Target2 to make it sustainable
Target2 has emerged as eurozone’s financing entity for structural balance-of-payments gaps
Inflation targeting three decades on
Former RBNZ governor on the costs and benefits of explicit targets
Tackling the ‘human agency’ problem
Central banks are readying themselves to face down assault by populists
How Venezuela can stop hyperinflation – now
Redenominating the currency will not work, says Steve Hanke
Basel action needed before ‘regulatory cycle’ turns
Failure to reach a deal raises the risk of more entrenched protectionist positions
Ending speculation on the Czech forex cap: quo vadis, CNB?
David Vavra suggests a method the Czech National Bank could use to end pressure on its peg
Why the EU needs an asset management company
EBA authors lay out designs for an asset management company that could tackle the EU’s NPL problem
Nigeria’s central bank is in the eye of the storm
The CBN needs to rebuild its damaged credibility, argues Kingsley Moghalu
Hans Tietmeyer and his ‘mission’ for euro stability
Former Bundesbank president helped to drive Germany’s social market economy
Should banks hold cocos or other kinds of buffers?
Richard Heckinger examines the merits of contingent convertible bonds
Institutional undercurrents at the PBoC
What next for China's regulatory framework, and who will lead the PBoC?
The data deluge
Big data carries great potential, but economists must beware its pitfalls
Last stand for central bank independence?
Political attacks on Yellen and Carney look like the start of a sustained assault
Carney’s decision is bigger than one man’s career
BoE governor's decision to stay or go will have wide ramifications