Central Banking Journal
The Riksbank’s ongoing efficiency drive
This article, the first in a special feature modernising central banks, looks at the Riksbank’s drive to improve efficiency in cash handling, payment systems and reserve management.
Interview: Lars Heikensten
The governor of Sweden’s Riksbank explains why the world’s oldest central bank had to modernise.
Japan’s debt dilemma
After years of stagnation, Japan’s economy is at last stirring. Yet rising yields threaten new financial crises. Anthony Rowley reports.
Managing with negative capital
How does the Czech National Bank deal with the negative capital on its balance sheet? Jan Frait explains.
Fischer wows Israel
Stanley Fischer has ambitious plans to reform the Bank of Israel. Dan Gerstenfeld reports.
Accountability – a politician’s view
David Ruffley discusses how the Bank of England’s accountability has developed in recent years.
An insider looks back at the Greenspan Fed
Edward Gramlich, who recently retired as a Federal Reserve governor, discusses some highlights of his term in office with Blair Baker and Erin Kogan.
Bernanke on Bernanke
Central Banking selects key remarks on major policy issues by the Fed chairman- elect.
Why statistics matter
More care should be taken in presenting important statistics, says Steve Hanke, editorial adviser to Central Banking.
Interview: Kenneth Clarke
In this interview Kenneth Clarke, Britain’s chancellor of the exchequer from 1993 to 1997, calls on the ECB to rethink its role and communications.
Sovereign asset and debt management
The following is an executive summary of the proceedings of Central Banking’s conference, “Sovereign Asset and Debt Management”, held in London on June 20-21.
Unfinished business on sovereign debt
Contractual innovations have solved some of the problems in restructuring sovereign debt, but others remain – notably the role of the IMF. Report by Paul Brione.
Interview: Martín Redrado
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains the central bank’s president.
Learning to live with IFRS
How central banks are facing up to – or ducking – their obligation to implement international accounting standards
Accountancy’s golden puzzle
The introduction of international accounting standards are proving a headache for central banks with gold holdings. Chris Sermon has a way forward.
Towards a new Plaza Accord?
The explosive growth in Asian reserves puts a premium on international action to redress global imbalances. By Jean-Jacques Rey.
China’s currency conundrum
China’s exchange rate reform does not solve the problems facing international policymakers says David Hale.
Time for the ECB to intervene
Charles Goodhart makes the case for Europe’s central bank to sell the euro.
China will hold down the Rmb
This comment is contributed by Steve Hanke, professor of economics at Johns Hopkins University.
China’s reform of its banking system
Li Ruogu highlights four key areas where China has looked to strengthen its burgeoning banking sector.
Interview: Li Ruogu
In this exclusive interview, the deputy governor of the People’s Bank of China provides the background to the recent reform of its exchange rate system, the current monetary policy, China’s role in the international monetary system and its reserve…
Last through the door?
Bulgaria, Croatia and Romania may be the last countries to join the EU, and they are taking very different paths to the euro. Nick Carver reports.