Central Banking
Slovenian stability review scolds ‘inactive and irresponsible' bank owners
Slovenian banks are squeezed by increasingly expensive wholesale funding and heavy exposure to an anaemic corporate sector, stoking fears of 'systemic risk' at the central bank
Dallas Fed paper flags concerns over duration of Fed’s portfolio
Staff paper says the Fed may face difficulties in selling its longer-term holdings, while increasing the maturity of its portfolio also risks raising inflation expectations
Cyprus gold still in play to help fund troika bailout
First review finds good progress made in repairing the Cypriot financial sector; central bank will take on a wider supervisory role but may have to sell gold to contribute to the country's bail-out
Bank of England publishes history archive online
Digital archive project has uncovered BoE's controversial role in Nazi gold appropriation; includes all of the central bank’s main publications in addition to previously unpublished history
RBI deputy says improved governance standards ‘holy grail' in fight against fraud
While the number of reported frauds in India is coming down, the amount is growing as large-value, advance-related frauds are becoming increasingly common, notes Kamalesh Chandra Chakrabarty
PBoC injects 17 billion yuan to ease liquidity
Move to pump funds into the system has divided opinion over whether the People's Bank of China is setting a course for further easing
Nigeria's financial system stable despite major challenges
A handful of lenders continue to dominate the country's banking industry, but asset quality and capitalisation levels ‘improved significantly' last year, according to the central bank's latest stability report
Turkey’s central bank ramps up inflation forecast
Central bank raises inflation forecast for 2013 on account of depreciating lira and higher oil prices; MPC plots strategy for dealing with uncertainty surrounding the unwinding of QE
Frenkel drops bid to be next governor of the Bank of Israel
Jacob Frenkel withdraws candidacy for the post of governor at the central bank amid public furore; Israeli government may turn to Karnit Flug
Expectations about future monetary policy important driver of inflation, paper finds
Financial market data can predict result of infrequent inflation expectation surveys; more frequent indicators could be useful for monetary policy-makers, paper suggests
UK economy near escape velocity already, say ex-MPC members
Former BoE deputy governor John Gieve believes Mark Carney may use macro-prudential policy to boost the UK economy; Charles Goodhart argues ‘help to buy' scheme will promote lending to SMEs
RBI 'forfeiting monetary policy discretion' in bid to keep rupee in check
Governor Duvvuri Subbarao says India is caught in an 'impossible' trilemma, forcing the bank to maintain rates in spite of sluggish growth and ebbing inflation
RBA governor hints at additional easing
Glenn Stevens says Australia's inflation outlook may afford some scope to ease policy further if needed to support demand
HKMA deputy says QE taper to bring ‘immense shocks' to markets
Eddie Yue slams advanced economies' ‘unprecedented' accommodative monetary policy for creating global imbalances and fuelling Hong Kong asset prices
Reserve Bank of Malawi paper finds central bank ‘leans against the wind'
Researchers from Malawi's central bank find interventions in the currency market have been associated with high volatility but have helped to stabilise the kwacha since 2003
Bank of Albania governor says banking is country's 'greatest driver of growth'
Ardian Fullani added that European integration was the best way to withstand the current crisis and guarantee stable economic growth in the long term
ECB's Cœuré and Asmussen call for published minutes
Public account 'should include who voted for what, and the reasoning behind that vote', say executive board members; move would bring ECB in line with other major central banks
Peru's congress axes central bankers one week after appointment
New directors at the central bank are among recent government appointees who have been rejected following street protests
San Fran research links unemployment to business uncertainty
Research produced by the San Francisco Fed finds that business uncertainty over economic policy is an ‘important factor’ behind the persistent levels of unemployment in the US
Kuroda says QQE is ‘right on track’
Bank of Japan governor believes QQE has already prompted a ‘favourable turn’ in the financial markets and real economy; hopes improved sentiment will translate to demand
Volcker rule is driving reluctance to hold risk, warn currency managers
US banks are holding less risk as they prepare for the requirements of the Volcker rule, leading to more short-term volatility and less liquidity in some currencies
Libyan governor and deputy jobs up for grabs
General National Congress invites applications for the top two roles at the Central Bank of Libya; governor Saddek Elkaber only two years into a five-year term
Forex intervention unlikely to affect inflation expectations in the long-term, paper shows
Exchange rate intervention programmes in Chile in 2008 and 2011 had disparate effects on inflation expectations, according to new research by the country's central bank
People: Shirakawa returns to teaching; Bank of Ghana gets new deputy governor
Masaaki Shirakawa takes up position at a private university in Tokyo; Abdul-Nasirhu Issahaku called on to bring World Bank experience to Bank of Ghana; Rod Carr appointed to chair RBNZ board