Latin America
Uruguay appoints interim central bank president
Labat takes over from Graña following retirement announcement
Book notes: The art of economic catch-up, by Keun Lee
Rather than merely catch-up, the book offers countries advice in making a sea change in their economic statuses
Latin America must prepare for rapid ageing – Bank of Spain paper
Pensions spending set to rise sharply as potential growth falls, researchers warn
Website of the year: Central Bank of Brazil
The new bilingual site offers enhanced communications to the full range of stakeholders
Central Bank of Suriname governor resigns amid scandals
Robert van Trikt leaves bank as allegations are raised over his conduct
Payments and market infrastructure development: European Central Bank
The ECB has created a framework to help payments and market infrastructure firms bolster cyber defence that is being disseminated on a global scale
IMF delays Argentina forecasts due to uncertainty
Current forecast shows economy contracting by 1.3% in 2021 and inflation falling to 17%
Argentina woes deplete Uruguay’s reserves – IMF
Reserves drop from $15.6 billion to $14.3 billion in 12 months as dollar deposits also begin to rise
Bank of Guyana to manage new sovereign wealth fund
New fund, operationally managed by central bank, will invest profits from new oil revenue
Greater exchange rate flexibility warranted in Peru – IMF
Limiting interventions would help reduce dollarisation further, says fund
Colombia’s central bank forms new climate research group
New team will look to integrate climate scenarios into macro models as central bank seeks to join NGFS
Emerging markets face growing debt risk – IMF paper
One-third of emerging market debt over-valued as low-income countries set to issue more
Argentina and Paraguay approve cross-border payments
All members of Mercosur trading bloc now have bilateral cross-border payments accords
30 years of central banking
Central banks face credibility tests on a number of fronts
Uribe details aggressive Flar expansion plans
The Latin American fund chief, José Darío Uribe, speaks about: Flar’s efforts to support macroeconomic and financial stability; exposure to Venezuela; and more
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies in Brazil, Chile, Colombia, Mexico and Peru ended decades of runaway inflation
Reforms have cut Latin American unemployment – IMF paper
But informal employment and inequality remain high, researcher says
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
The calm before the storm – The climate change 2019 survey
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Trinidad and Tobago prime minister ridicules central bank’s migrant figures
Acting PM says he has “no idea” how central bank estimated cost of migrant crisis
Central banks turn to factor investing for reserve management
Lack of capabilities may hamper effective use of factor analysis, officials say
Central Banking’s ‘Leaders’ for custody, banking and gold
Central banks want integrated custody platforms and real-time data from custodians as the low-yield environment drives demand for banking services and increases the relative attractiveness of gold
Emerging markets Argentina and Turkey: mission impossible?
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey. Does the US Fed’s pause give the EM central banks reason for hope?