International
Georgieva backs Antoinette Sayeh as IMF deputy managing director
Liberian economist formerly headed up fund’s Africa department
Why Bulgaria needs to deepen its currency board
The BNB’s currency board rules should be extended to transaction deposits at commercial banks, which could in turn issue digital currencies, even in the event of euro adoption
IMF chief warns of ‘dire’ coronavirus scenarios
Virus has already impacted global growth but effect could worsen if containment fails
Some countries’ macro-pru measures have reduced systemic risk – IMF paper
Denmark and Czech Republic particularly successful in cutting mortgage risk, researchers find
International investors shaping housing markets – DNB paper
External investment playing larger role but national differences still significant, paper says
BIS appoints heads of Switzerland and Singapore tech hubs
Cœuré says BIS’s Hong Kong hub will have head “in due course”
Global property investors may undermine macro-pru – CGFS
House prices are rising and increasingly synchronised, BIS committee says
Stability versus solvency
There is still far too much regulatory forbearance on troubled bank debt. More on-site inspections and genuine writedowns are needed to fix the banking system
People: Bank of Israel appoints monetary committee member
Michel Strawczynski joins Bank of Israel six-member body; World Bank has a new managing director of development policy and partnerships; South African Mint appoints new managing director
IMF confirms it has abandoned fifteenth quota reform
US thought to oppose proposals to increase emerging economies’ voting power
Interview: Luiz Awazu Pereira da Silva
BIS deputy general manager talks about the obstacles central banks face with regard to climate change and why the status quo needs to evolve
Advanced economies’ inflation more synchronised – Bank of Spain paper
Headline inflation rates are more highly correlated than core inflation, authors find
BIS’s Pereira says green QE could distort market
Central banks should focus on financial stability mandate not green QE, says deputy general manager
Some countries lack systemic banking crisis resilience – IMF report
IMF staff sketch out priorities for countries’ resolution-planning frameworks
BIS paper investigates distributive impact of fintech
Big data likely to reduce “negative prejudice” but could undermine regulation, says Thomas Philippon
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
Global governance is getting harder, warns BoE’s Cunliffe
Fading memories of crisis, new players and Brexit all create challenges, deputy says
RBNZ updates external whistleblower policy
Central bank will not deal with personal workplace issues and is encouraging the use of internal processes where possible
Basel III implementation creating fragmentation, warns FSI paper
Authors say some variation is good, but more could be done to cut fragmentation
Coronavirus is new risk to US outlook – Fed report
Virus risks disruption in China spilling over to the global economy, the Fed says
Central Banking Awards 2020: the winners
All the winners in the 2020 Central Banking Awards
IMF’s Lipton and Grasso step down amid ‘changes’ to top leadership
Kristalina Georgieva is shaking up fund’s top management team
IMF seeks to improve ‘climate stress tests’
Effort hampered by lack of good data and failure to develop “green taxonomy” – IMF officials
People: Fed governor gets new term; IMF’s Poul Thomsen to retire
New appointments made and portfolios reshuffled in the US, UK and more