Europe
ESM shakes up management structure
EU agency adds board member and new divisions to prepare for expanded role
BoI paper presents new method for eurozone inflation forecasts
Model works well to predict inflation using data from bloc’s four largest economies, authors say
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
Croatian central bank moves towards “close co-operation” with ECB
Draft law forms part of process for joining European single currency
IMF backs ECB’s looser stance
Directors concerned about banks’ low profitability, and call for common deposit insurance scheme
People: Tombini to head BIS Americas office
Former Brazilian governor to implement new banking strategy; plus appointments in Europe
ECB paper presents new approach to modelling LTV caps
Agent-based model’s results show “subprime” segment to eurozone housing markets – researchers
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links
Purists lament as most cheer Lagarde as next ECB chief
Lagarde expected to adopt similar philosophy to Draghi at ECB
The twilight of banking supervision
Supervision of banks in Europe has deteriorated
ECB needs liquidity powers for bank resolution – Spanish governor
De Cos stresses mechanism must include guarantees to repay public money
Population ageing could reduce inflationary pressures – Bank of Spain deputy
Older populations in advanced economies likely to increase saving and reduce investment – Delgado
Next IMF chief could be non-European
Carney and Carstens among possible candidates as institution seeks successor to Lagarde
People: Argentine governor from 'corralito' era dies
Aldo Pignanelli dies aged 69; plus appointments in New Zealand, Europe and Brazil
‘O-SII’ limits decreased risky lending – ECB paper
Lending to risky borrowers fell without lasting impact on growth rates, researchers say
Christine Lagarde nominated for ECB presidency
IMF chief part of deal that sees German proposed for commission presidency
Doves vs hawks: IMF advice on unconventional monetary policy
Funds’ advice on innovative measures has not always “stood the test of time”, writes Philip Turner
Italy’s central bank plans could break EU law – ECB
ECB challenges Italian coalition’s plans to take control of gold reserves and central bank shares
Spanish and Italian labour markets still slack – ECB paper
Researchers use "Beveridge curve" to gauge efficiency of eurozone labour markets
Central banks cannot fight a populist Tweet storm – panel
Populist leaders such as Donald Trump comfortably outgun central banks on social media
European banks must change culture – EBA head
Business areas are most in need of change, and boards need better information, Enria says
Book notes: Why not default?, by Jerome Roos
Thought-provoking book that will repay investment of any reader with an interest in sovereign debt
Bundesbank paper presents new model of banks’ risk-taking
Traditional models make error in assuming that banks choose fixed-size portfolios, authors argue
Weidmann accepts OMT as ministers discuss Draghi succession
Bundesbank president withdraws his opposition to OMT programme unveiled by Mario Draghi in 2012