Central Banking Journal
Philly Fed paper on economic effects of fiscal uncertainty
Philadelphia Federal Reserve study says fiscal uncertainty can have impact on economy equivalent to monetary tightening
Will the new monetary policy consensus work for a small, open economy?
A new consensus is emerging for how monetary policy should be conducted. However, using the Czech experience as an example, Jan Frait, Zlatuše Komárková and Luboš Komárek argue that it may be difficult to apply in small, open economies
The case for symmetrical monetary policy and its role in the new financial architecture
Central banks should adopt a more symmetrical approach to monetary policy in supporting financial stability. Bernd Braasch discusses how such an approach can best be implemented amid the jumble of policy strands competing for officials’ attention
Avoiding group think and conflicts of interest: widening the circle of central bank advice
Central banks may better serve the public by calling on a broader group of economists for advice, Gerald Epstein and Jessica Carrick-Hagenbarth believe
Reform of the international monetary system: a modest proposal
Richard N. Cooper presents an idea to enhance the stability of the international monetary regime
Reforming financial regulation and the international monetary system
The regime we have is far from perfect. But regulatory oversight can go some way towards countering its flaws, Jacques de Larosière believes
The whys and hows of CoCo issuance
There is much support for contingent capital, or CoCos, among regulators and economists. However, officials, bankers and investors alike are unsure what should serve as the trigger to turn debt into equity. Here, Charles Calomiris and Richard Herring…
Interview: Kevin Warsh
On the eve of his departure from office, the Fed governor talks to Blair Baker about the forces behind the financial crisis and why we remain far from fixing the system
The three-trillion-dollar question
Keen to assert its monetary autonomy, the People’s Bank of China is locked in a tussle with the finance ministry to determine how the country’s excess reserves are managed
Ganbaro Nippon!
Robert Pringle reports from Tokyo on the Bank of Japan’s response to the Great East Japan Earthquake
A retail ring-fence for the UK
Robert Pringle and Hugh Sandeman analyse the Independent Commission on Banking’s interim report
William Clarke: 1922–2011
William Clarke: 1922–2011
Were the ‘bloody bankers’ to blame?
Were the ‘bloody bankers’ to blame?
Central bank capital levels: do they matter and what can be done?
Central bank capital levels: do they matter and what can be done?
Book notes: Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State
Book notes: Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State
Book notes: Perry Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort
Book notes: Perry Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort
Book notes: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis
Book notes: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis
Book notes: A Macroeconomic Regime for the 21st Century: Towards a New Economic Order
Book notes: A Macroeconomic Regime for the 21st Century: Towards a New Economic Order