Central Banking Journal
New fault lines in financial regulation
Deleveraging could trigger another crippling credit crunch in Europe at a time when the recovery is still fragile. By Jacques de Larosière
Robert Aliber says the US must get tough on China
The shift to floating-rate currencies has facilitated and exaggerated the development of asset bubbles around the world, Robert Aliber tells Robert Pringle
Inflation targeting: a child of our time?
Starting in 1989 inflation targeting has come of age. But does it have the durability to withstand severe economic and financial shocks, or was it simply a child of its time that cannot mature?
Q&A: Central Bank of Colombia governor José Darío Uribe
The governor of the Central Bank of Colombia talks to Christopher Jeffery about the challenges the bank faced during the global financial crisis and its objectives for the future in a changing regulatory environment
Asia to develop emergency financial stability safety net
Charles Adams and Lei Lei Song chart the development of the Chiang Mai Initiative Multilateralization and explain three ways to develop Asia’s liquidity support mechanism
Ignazio Visco’s battle to emerge as governor of the Bank of Italy
Ignazio Visco emerged as the new governor of the Bank of Italy after a lengthy battle few thought he would win. How did he pull it off? Isabella Bufacchi reports
A new toolkit for eurozone survival
The eurozone’s short-term outlook depends on markets, voters, bureaucrats and politicians. Its longer term future requires radical change. Andrew Smithers considers the conditions that are needed for the eurozone to survive
Brendan Brown on life after death for the Emu
Brendan Brown puts forward a proposal for how a functioning monetary union in Europe could operate if the current system was to fail
Balance sheet lessons from the Bank of Japan
The Bank of Japan has expanded its balance sheet in more ways than any of its developed world peers. Hisashi Harui reviews the unconventional approaches it has used to ensure financial stability
Data: a core challenge for financial regulatory reform
Improving financial stability through the use of interconnected and predictive supervisory tools requires a rethink on data. By Constantin Gurdgiev and Keith Saxton
African central bankers embrace a new world order
Africa’s central bankers are adopting new approaches to managing their reserves as trade with Brics rises and the influence of developed nations wanes
When private shares meet public interest
Jannie Rossouw and Adèle Breytenbach look at a unique group of central banks: the eight that are privately owned.
The gathering storm
Solving the financial crisis increasingly looks beyond the reach of monetary and financial policies, writes Ludek Niedermayer. Worse could follow in 2012 for central bank balance sheets, he warns.
Held in reserve
Gary Smith says it is time for central banks to define what they want from reserves and reserve managers.
Hong Kong: where next?
Can the symbiotic relationship between Hong Kong and the renminbi continue? Chen Chao looks at the potential for growth – and competition.
Beijing’s second thought
Hui Feng examines the political calculus behind increasing international flows of China’s currency.
Tracking China’s currency
Ren Kangyu looks at how China’s currency has extended its reach beyond the mainland in the short space of seven years.