Central Banking Journal
Cyprus and Malta brace for the euro
With just two months to go before both island economies join the euro, Justin Keay compares Malta’s smooth preparations with the more problematic case of Cyprus.
Japan’s normalisation strategy in jeopardy
Hisashi Harui suggests that the Bank of Japan is still unable to get its message across clearly to the markets
Why the Bank of Japan needs to regain trust
Unless the Bank of Japan urgently corrects a number of policy flaws, the central bank law could become a political football, Robert Feldman suggests
The numbers game
New legislation will have a profound impact on the compilation of official statistics in Britain. Jill Leyland considers the possible impact on the Bank of England
New Zealand breaks with the Brash era
Going for growth will come back to haunt the Reserve Bank and its governor, writes Rodney Dickens
A crisis of identity
The loss of its managing director could not have come at a worse time for an IMF looking to remodel itself. Klaus Engelen reports
How to manage system risks
Many central banks can forget best-of-breed solutions for IT systems. Terry Beadle offers some realistic proposals
Strengthening the economic leg of EMU
Klaus Regling looks at how economic-policy governance might evolve in the euro area
Towards better economic governance
It is high time Europe faced up to the realities of its economic governance gap, says Joachim Bitterlich
The evolution of Europe’s exchange rate regime
The euro area should develop procedures for reaching common positions on international economic-policy issues, argues Lorenzo Bini Smaghi
Living with a strong euro
Europe’s policymakers should be proud of a strong single currency, and actively promote its international role, says Angel Ubide
The euro’s prospects as an international currency
Jacques de Larosière looks at how the euro may develop as a reserve currency
The pretend market for money
The current approach to monetary operations is complex, unnecessary and expensive, argues Julian Wiseman
Does the global output gap matter?
Recent studies point to the increasing importance of global economic forces for domestic inflation. But policymakers are far from convinced, writes Assistant Editor Malan Rietveld
Reform in the midst of crisis
George Abed tells the story of the development of Palestine’s central bank
News analysis: Gulf economies: divided we stand
Kuwait’s decision to loosen its dollar peg may herald an era of greater national economic independence in the Gulf, writes Narayan Lakshman.
News analysis: India’s foreign exchange debate
A proposal for the Reserve Bank to part with some of its reserves risks setting a dangerous precedent, writes Narayan Lakshman
Scorecard for Bulgaria’s currency board
After ten years of running under a new law, Bulgaria’s central bank can be proud of its record, writes Steve Hanke