A model borrowed from ecology offers new insights for policymakers in how to understand and combat systemic risk, writes Claire Jones.
The executive director for financial stability at the Bank of England talks to Robert Pringle about lessons from the crisis, the macroprudential toolkit, links between monetary policy and financial stability, and whether the banking industry needs to be…
The governor of the South African Reserve Bank talks to Ramya Jaidev about some of the challenges central bankers are facing both in South Africa and around the world.
The president of the Federal Reserve Bank of Philadelphia talks to Claire Jones about financial reform, how monetary policymaking needs to change and the dangers of assuming central bankers can remedy all economic ills.
Michael Taylor comments on the argument set out by Frank Vibert in the February edition of Central Banking journal, to which Vibert in turn replies
Jannie Rossouw, Vishnu Padayachee and Fanie Joubert compare the methodologies of inflation credibility surveys conducted in New Zealand, South Africa and Sweden
Jakob de Haan weighs up the pros and cons for central banks considering publishing interest rate paths
In the third of Central Banking’s web seminar series, Daniel Gros, Ken Wattret and Tim Young discussed how official sector balance sheets have changed, the new challenges policymakers face and how to overcome them
A competitive market for reserve currencies would help remove global imbalances, says Ousmène Mandeng
Richard Cooper looks at whether the SDR could substitute for the dollar as a global reserve currency
Monetary aggregates are set for a comeback in central banking, but as indicators of financial instability, not inflation. Claire Jones reports
As central bankers discuss the future of the monetary policy framework, Robert Pringle puts the debate in a wider context and raises some questions about the emerging new consensus
The crisis has challenged the fundamentals of the prevailing macroeconomic orthodoxy. Policymakers must recognise this and adopt new frameworks accordingly, Sir John Gieve argues
René Smits devises ten key issues that European financial legislators must consider when constructing the post-crisis regulatory framework
Hugo Banziger spent two weekends trying to save a German bank from failure. Here he identifies how and where European Union rules must change so that resolutions are faster and fairer
Much of the independence won by Paul Volcker has been surrendered in the recent crisis, says Allan H. Meltzer
Fortis’s collapse all too well illustrated the difficulties in saving cross-border European banks. But the ideal solution, a European crisis resolution authority, remains a distant dream. However, there is an existing, yet perhaps unusual, candidate from…
Sound corporate governance is essential if future financial crises are to be avoided. Liao Min and Rui Wang of the China Banking Regulatory Commission (CBRC) explain how the commission is developing guidelines to make this happen
The Volcker Rule recognises that the structure of the banking system needs to change. For that it should be supported, says Michael Taylor