Central Banking Journal
Quantitative easing: a never-ending story?
The Fed is cutting the size of its balance sheet, but is unlikely to reduce it to pre-crisis levels
Zhou on four key decisions that forged the modern-day PBoC
Zhou Xiaochuan shares his insights on central bank leadership in China’s economic reform
The BoE’s education outreach programme
Making economics accessible to everyone
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
A dangerous moment for the Reserve Bank of India
RBI’s high-profile skirmishes with India’s populist government in 2018 threatened central bank’s mission
NBU’s Smolii speaks out about political interference
Ukrainian governor says politically powerful people still blocking economic reform
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Book notes: Finance and philosophy, by Alex J Pollock
Readable and useful book that provides much food for thought, and should be read widely by economists and policy-makers
Book notes: Where economics went wrong, by David Colander and Craig Freedman
Chicago economics’ gladiatorial debating style has cost the discipline dearly, the authors argue
Climate change: a new challenge for financial stability?
What is the role of central banks when it comes to climate change risks?
The role of e-cash in China
E-cash improves convenience and security while cutting cash handling fees
The Brexit conundrum
Bank of England has only limited room to respond to hard Brexit
Renminbi reserves are still relatively small
Renminbi investments still account for much smaller fraction of global forex reserves than China’s significance in world economy would merit
Lifetime achievement: Zhou Xiaochuan
Former PBoC governor stands out for his high levels of integrity, intellectual rigour and bold reforms
Governor of the year: Karnit Flug
Bank of Israel’s first female governor delivered some hard-fought reforms during her time in office
Central bank of the year: Monetary Authority of Singapore
Fintech pioneer has strong monetary policy, financial stability and supervisory record
Economics in central banking: Greg Kaplan, Benjamin Moll and Gianluca Violante
‘Monetary policy according to Hank’ boosts realism of core economic models
Website of the year: Sveriges Riksbank
Redesign has resulted in users engaging with more content
Risk manager: Saudi Arabian Monetary Authority
Multi-year overhaul of Saudi central bank’s risk architecture has come to fruition
Risk management technology: Vermeg
Dutch company won high-profile tender for Eurosystem Collateral Management System
Professional services initiative: World Gold Council
Trade body developed guidance to bring greater consistency to monetary gold accounting practices
Advisory services: Deloitte
Central bank footprint includes new projects on cyber resilience in Canada, fintech in Saudi Arabia, DLT in Hong Kong
Treasury systems initiative: Ion Treasury
Ion’s purchase of Openlink boosted central bank business, with ECB being a ‘jewel in its crown’
Data services: Vizor Software
Irish tech company has rolled out major updates to pave way for more agile supervision