Opinion
Déjà vu and monetary policy: Lockhart’s recent comments
A lack of consideration for price pressures signals that Fed officials continue to misconstrue the nature of central bank independence, Thomas Cargill writes
It is the supervision of the banks, not their structure, that is most important
A separation between retail and investment banking would in itself do nothing to correct bad management practices and would quite possibly fail in its aim to protect the public purse, Roger Alford argues.
An overemphasis on risk models was the key flaw in the regulatory architecture
Risk models are useful for banks’ risk managers, but regulators should beware, Brandon Davies notes
China's growth and the yuan's status are not inextricably linked
China’s growing economic might has led to claims that the yuan will take its place among the reserve currencies. But, as Gary Smith argues, the link between GDP and reserve status is far from causal
Time for central bankers to reconsider the output gap
Policymakers in advanced economies must place more weight on imported inflation, while those in emerging markets must monitor domestic price pressures more closely, Stephen Lewis argues.
What central bankers can learn from the school of science
It is not only science's methods, but its desire to de-mystify that should be aped, Claire Jones writes
Eurozone pays tribute to Tommaso Padoa-Schioppa
Euro area's central bankers mourn the death of the 'euro architect'
Without better data, we risk a repeat of the crisis
More analysis of the nature of cross-border financial flows and a global risk map are essential in countering systemic threats, Bernd Braasch argues
Central banks after the crisis: many questions, few answers
The turmoil has left our profession facing some uncomfortable truths, Mojmír Hampl notes.
It's the forest stupid
Dodd Frank fails to deal with systemic risk, former chairman of the Federal Deposit Insurance Corporation William Issac argues
What Basel III means to us
The Basel Committee on Banking Supervision published the final text of Basel III on December 16, which introduces new minimum capital requirements, two liquidity ratios, a charge for credit value adjustment and a leverage ratio, among other things. Risk…
King is fully justified
The governor of the Bank of England is well within his rights to press politicians on the need for fiscal retrenchment, Robert Pringle argues.
Forrest Capie’s Bank anecdotes
William M. Clarke and Robert Pringle select some amusing excerpts from a new history of the Bank of England.
Despite Ireland’s bailout, the eurozone’s problems remain
Ireland’s bailout merely delays the day of reckoning for the euro project, Geoffrey Wood argues
What’s wrong with QE2?
Geoffrey Wood explains why he signed a letter arguing against the Federal Open Market Committee’s latest round of asset purchases
A vision is needed of how the UK economy can be rebalanced
It is far from clear how Britain can rebalance its economy, writes Claire Jones
Using gold to restore currency stability
Gold has many advantages as a benchmark of market expectations, Robert Pringle argues.
Mervyn King leans towards radical reform
Insured deposit banks are the way forward, writes Robert Pringle
Obituary: Peter Allsopp
Visionary reformer whose analysis and powers of persuasion changed financial market infrastructure worldwide
Financial regulators’ doubts about the prudential regime
Officials are far from confident that they will be able to create a more resilient financial system, Robert Pringle writes
The Fed is being asked to do too much
Marcelle Arak and Sheila Tschinkel argue that more outright purchases of US Treasuries by the Federal Reserve will do little to stimulate US growth
The dangers of Bernanke’s calls for change
Fed chairman Ben Bernanke’s calls for more research into areas of economics underexplored by central bankers is commendable, but translating this into policy has its risks, writes Claire Jones