International
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Non-banks in focus as G20 leaders meet in Bali
FSB calls for action on liquidity mismatches and “hidden leverage”
Central bank assets enjoy ‘99%’ immunity
Why central bank assets possess legal immunity – but not from sanctions
Central banks’ gold demand hits record level
Purchases in 2022 reach 673 tonnes, higher than in any full year since 1967
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Central banks have fewer cash distribution centres on average
However, some have added processing facilities in last five years
Reshuffle heralds new era of Chinese central banking
Policy room for the next PBoC governor looks limited, as loyalists win out over technocrats for top economic posts
Brazil formally nominates Goldfajn for IDB post
Former governor is second official candidate for post left vacant by Claver-Carone firing
Most central banks do not own their own printworks
Fewer than a quarter report operating printing plants and two-thirds say they outsource
Major bond markets ‘more prone to liquidity imbalances’, says FSB
More use of debt in investment strategies has combined with reduced dealer capacity, report finds
CBDC, cash and fast payments: the view from the IMF meetings
Digital currency and fast payments present ample opportunity for improvements, say policy-makers
IMF recommends using reserves ‘prudently’ to offset dollar strength
Floating currencies, IMF precautionary lines and reactivation of Fed swap lines among possible measures
US and European policy-makers feel ‘vindicated’ over aggressive hikes
QT may deserve a slower approach than traditional policy, says Jacob Frenkel
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
World has ‘very little space’ for policy, says Georgieva
Carney, Georgieva, Donohoe and El-Erian agree room is limited and mistakes are punished harshly
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
IMF opens long-term lending initiative
Resilience and Sustainability Trust will offer 20-year packages to mitigate long-term problems
Reserve Benchmarks 2022 report – executive summary
Findings on strategies to tame the impact of inflation and geopolitical risk, technology resources and green investments
Asset sovereignty: a problem to stump Solomon
When states have rival governments, who owns central bank assets?
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
Development banks need to change amid global threats – Yellen
“Extreme stress” and global threats demand rethink, says US Treasury secretary
IMF approves ‘food shock window’
Temporary measure will help countries deal with food insecurity
The race to adopt ISO 20022 payments messaging
Some jurisdictions do not plan to adopt the protocol, while others are preparing for a disjointed implementation
Reserve Benchmarks 2022 report – dealing with old and new risks
Insights on portfolio management strategies to preserve capital in an era of high inflation, a stronger dollar and geopolitical risks