Central Banking Journal
Making central banks legitimate
As unelected bodies, central banks should concern themselves with the grounds for the legitimacy, says Frank Vibert
Turkey gets a second chance
After a near crisis in 2006, the central bank and its new governor are stocking to an inflation target of 4% for end-2007. Could this be the year Turkey finally convinces the world it has achieved sustainable non-inflationary growth? Justin Keay reports
Sunny outlook for Cyprus and Malta
The two islands have got their fiscal houses in order and are looking to join the euro in 2008, writes Justin Keay
Unhappy euro hopefuls
Prospects for adopting the euro remain remote for many EU countries in Central and Eastern Europe, and in the Baltics, writes George Kopits
Managing compliance and operational risk
Ulrik Knudsen, Jesper Berg and Hyldahl explain how Denmark's central bank has tackled compliance and operational risk in it's market operations department
China's new reserve strategy
Hui Feng goes behind the scenes in Bijing to report on the new guidelines governing the management of the world's first trillion dollar pile of official reserves
Why money still matters
Christian Noyer, the governor of the banque de France,explains why and how money retains a prominent role in monetary policy in the Eurosystem
Why prevention is better than cure
Does delay in closing a bank make a crisis worse? Not necessarily so, says Charles Goodhart, who examines the case for and against with reference to recent financial crises and near-crises
Interview: Edmund Phelps
The Nobel Laureate in conversation with Malan Rietveld
How India manages its vast banknote circulation
Prabir Biswas explains how the Reserve Bank of India has stepped up risk management in the provision and distribution of cash
Bernanke sets out his stall
David Hale analyses the decisions Ben Bernanke has made and dilemmas he faces, as he begins to build his brand of monetary policy
Interview: Jean-Pierre Roth
The chairman of the Swiss National Bank discusses the central banks profits, monetary policy and independence as it approaches its 100th year
Singapore notes
A round-up of talking points from this year's meetings of the IMF and World Bank
The new geography of international finance
Marc Uzan examines the implications of the shift on the IMF's voting rights
Three decades of fund memories
William Keegan looks back on 30 years of often-rancorous meetings of the Bretton Woods twins
Ian Macfarlane - a proud record
Stephen Bell spoke with the former governor of the Reserve Bank of Australia whose decade in charge cemented inflation targeting
Why monetary policies have not been too loose
A further global tightening of monetary policy in an attempt to manage asset-price volatility would be misguided, writes Bill Allen
Barbados sails on
A variety of policy instruments are needed for the central bank to meet the challenges of a small open economy, writes Bernard Codrington of the Central Bank of Barbados