Central Banking
Poloz: ‘digital disruption’ makes it harder to track supply and demand
Technology brings net benefits but also makes the central bank’s work harder, governor says
Argentina adopts floating exchange rate regime to tackle peso crisis
IMF extends running standby arrangement to $57.1 billion
EBA warns on funding stresses from QE exit
‘Mediterranean’ banks’ reliance on repo funding could be tested by withdrawal of stimulus
ECB narrows down choices for next supervisory head
Donnery, Enria and Ophele will appear before European Parliament
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
BoE’s Vlieghe: QE unwind need not impact yield curve
Yield curve has flattened since BoE’s independence and is likely to stay that way- MPC member
Local factors have greater influence on global lenders – BIS paper
Researchers examine data on 53 largest commercial banks
Cash still reigns in euro area
Large number of countries still use cash for high-value payments, but national disparities remain
Fed raises interest rates
Inflation is running above target and the economy set for a strong third quarter
Sub-Saharan Africa increasingly exposed to debt risks
Public sector borrowing and tighter financial conditions a challenge for regional reserve managers
Price pressures subside as Morocco holds interest rates
Headline inflation expected to average 2.1% by year end, central banks says
Bundesbank paper looks at secondary markets’ role in bank runs
Adding secondary markets to model significantly alters possible equilibria, authors say
G20 showing progress at tackling data gaps
Considerable progress” in third phase of implementing data gaps initiative, down from “substantial progress” in previous phase, FSB-IMF report says
BoE reveals details of nowcasting approach
Central bank explains approach to generating timely estimates of global GDP
Curaçao and Sint Maarten proposes 2021 for new currency launch
Caribbean guilder introduction hinges on governments agreeing on new monetary union
Uneven technology adoption behind low productivity and wage growth – RBA research
High-productivity firms are reducing prices and increasing profits rather than boosting salaries
Globalisation becomes more divisive as it advances – Dani Rodrik
Harvard economist says gains from trade may not outweigh redistributive problems
Stronger macro-prudential intervention may be needed – Minneapolis Fed paper
Shadow banking sector takes greater risks in times of stringent macro-prudential policy for banks, researcher finds
RBI’s Patel stresses value of ‘preventive vigilance’
Good outcomes more likely when actions subject to scrutiny, governor says
Central banks accelerate gold purchases in 2018
This has been the strongest period of gold buying since 2015, WGC says
Caputo quits as Argentina central bank chief
Former finance minister cites ‘personal reasons’ for departure after just three months, but speculation over future of monetary policy may have been a factor
EU countries to build payments link with Iran
“Special purpose vehicle” designed to allow “legitimate business” with Iran, despite US sanctions
Podcast: Croatia’s Željka Majher says central banks should set diversity goals
Director of HR at the Croatian National Bank is against numerical gender targets, but says a diversity goal could help increase the pool of candidates central banks hire from
RBI prepared to step in as non-banks suffer liquidity shortage
Government and regulators stress readiness to act amid non-bank liquidity pressures