Central Banking Journal
Archive – EMU: a sceptical US view
Allan Meltzer explains why he is worried about union by back door; first published in November 1997
Archive – Interview: Allan Meltzer
Robert Pringle talks to Allan Meltzer about reform of international development associations; first published in February 2003
Book notes: The Limits of the Market, by Paul de Grauwe
Concise analysis into how markets and governments react with one another, but surprising lack of economic thought history
“What would Allan say?”
Central Banking Publications founder Robert Pringle finds pearls of wisdom in his email correspondence with the late Allan Meltzer
Where have all the women gone?
Number of women working at central banks has increased substantially, but glass ceiling appears to remain for those reaching for senior management positions
Book notes: The Spider Network, by David Enrich
A thrilling exploration of one of the largest financial scandals in history
The changing composition of central bank balance sheets
QE has discouraged structural change and masked increasing debt leverage
Brexit drives a wedge between BoE and markets
Market view of future UK rates appears out of line with Monetary Policy Committee
How to divest public sector assets
Sponsored feature: State Street Global Advisors
Piecing together a financial theory of stagnation
Thinkers at the BIS AGM offer views on how the financial system may be dragging down the real economy
Addressing the eurozone’s ‘lemons’ problem for NPLs
State-supported securitisation could help restore market function
The BoJ’s exit policy and balance sheet risks
Meticulous sequencing of events needed to ensure sustainability
Book notes: The Tides of Capital, by Julia Leung
“Stimulating read” offers unique perspective on how Asian countries have developed, yet still have long way to go
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
FDIC’s Hoenig on restoring the structural integrity of banks
Core banking activities should be ring-fenced with 10% equity, and rest left to market forces
Indonesian deputy Perry on revolutionising monetary and financial policy
Perry Warjiyo explains central bank’s radical overhaul of monetary policy operations, market deepening and financial inclusion in Indonesia
Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
John Taylor writes about economist who defied tradition and had major influence on central bank policy
Book notes: Fed Up, by Danielle diMartino Booth
A “fascinating but annoying” account by US Fed insider who openly criticises culture of US central bank
Book notes: Crash Bang Wallop, by Iain Martin
A comprehensive study of the City of London and how it became the world’s leading financial centre prior to the financial crisis and the UK’s vote to leave the European Union
Tackling the ‘human agency’ problem
Central banks are readying themselves to face down assault by populists
Former Fed vice-chair Kohn on populism, top central bankers
Donald Kohn speaks about why he has few policy regrets
Croatia’s Vujčić on tackling NPLs and home-host supervision
Governor Boris Vujčić explains why dealing firmly with NPLs via ‘provisioning clock’ does not choke growth
Ukraine’s Gontareva on one of the toughest jobs in central banking
NBU governor transformed central bank while engaging in wartime deficit funding and overhauling banking sector
The BoJ’s risky yield curve control experiment
Current objectives are muddled, writes former policy board member