Central Banking Journal
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
The rise of the polymer
Nick Carver looks on the development of a viable alternative to paper banknotes
Interview: Ivan Iskrov
Ten years after the launch of the currency board, Bulgaria is preparing to join the euro by 2010. Justin Keay, deputy editor of The Financial Regulator, spoke with the governor of the Bulgarian National Bank
Central Bank of Ruritania: management commentary
Robin Darbyshire highlights what a draft management commentary of a central bank might look like
Talking numbers
Central banks can and should write a management commentary to accompany their accounts, says Robin Darbyshire
The changing role of sovereign wealth managers
An overview of recent developments in this emerging field of international finance, Malan Rietveld and Robert Pringle
Assaults on independence
Central banks have recently faced serious challenges to their independence. Narayan Lakshman reports
How do we manage the reserves held by the Bank of Japan?
Toshio Idesawa of the bank of Japan explains how the central bank's approach to managing its reserves is changing