Central Banking Journal
The dawn of a safer and sounder European banking sector
Implementation of two pillars of banking union has led to significant improvements
Book notes: Renewing our monetary vows, by Richard Barwell and Jagjit Chadha
Open letters to the governor of the Bank of England, as new chief Andrew Bailey takes over
Central banks and banks: a changed relationship
Development of large, complex international capital markets has reshaped relationship between central and commercial banks
FedNow: the advantage of going last
The Fed is late in developing instant payments, but US can learn from others
Book notes: The art of economic catch-up, by Keun Lee
Rather than merely catch-up, book offers countries advice in making sea change in economic statuses
Inflation targets back in the spotlight
Monetary policy can do little to offset impact of Covid-19
Ghana’s Addison on banking reform, innovation and the future of the eco
Bank of Ghana governor says Ghana is unlikely to join eco anytime soon
Book notes: After the crash, by Sharyn O’Halloran and Thomas Groll
Book seeks to identify seeds of next crisis, and overriding impression is a plea for more regulation
Do low rates spur investment?
Former IMF head writes there is little hard evidence that low interest rates spur investment
Why Bulgaria needs to deepen its currency board
Bulgaria’s currency board rules should be extended to transaction deposits at commercial banks
Stability versus solvency
There is still far too much regulatory forbearance on troubled bank debt
Book notes: The power of money, by Robert Pringle
Economists would benefit from reading this “remarkable” book about money’s historical and social roles
Interview: Luiz Awazu Pereira da Silva
BIS deputy general manager talks about the obstacles central banks face with regard to climate change
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
Lifetime achievement award: Otmar Issing
Architect of euro’s framework still playing important role in shaping debate on monetary policy
Specialised lending initiative: BNP Paribas
New ‘global’ setup helped secure US dollar-denominated assets from a Eurosystem central bank
Transparency: Reserve Bank of New Zealand
Publication of new MPC handbook and minutes increases RBNZ’s openness
Communications initiative: Bank of Jamaica
Bank of Jamaica has done more than just lift the economic literacy of its society
Collateral management services: National Bank of Georgia/Montran
Duo developed Georgia’s fully automated new collateral framework
Global markets award: HSBC
The bank is a leader in green finance and helped clients navigate the low-rate environment
Website of the year: Central Bank of Brazil
New bilingual site offers enhanced communications to full range of stakeholders
Initiative of the year: Bank of Thailand
Thai central bank used two-way communications to support delivery of major initiatives
Currency manager: Bank of Mexico
Central bank invested in new printing plant to address capacity and concentration risks
Data services: Swift
Better data is making global payment chains safer and more efficient