Asset prices
Plunging shares may be another sign of economic strength
The sell-off may be reaction to stronger economic indicators and expectations of hawkish Fed, say analysts
Lifetime achievement award: Perng Fai-nan
Pre-emptive financial reforms combined with flexible monetary and forex policies ensured Taiwanese stability
SNB expects record profits for 2017
Swiss central bank benefits from high asset prices and a weaker franc
Angola looks to abandon currency peg
Crippled by low commodity prices, Angola’s kwanza will be allowed to float within a range
Most UK banks withstand ‘disorderly Brexit’ stress tests – BoE
Majority of banks unfazed by tests “more severe than the financial crisis”
ECB officials disagree on open-ended QE
Agreement on keeping private-sector purchases sizeable, which would increase importance
RBNZ seeks liquidity and stability with new mortgage bond standard
New Zealand central bank hopes standard will support market liquidity and improve its own risk position
Communication technology helps explain productivity puzzle – Fed paper
Properly accounting for ICT services produces “very large” boost to US labour productivity figures, authors say
Widening exchange rate band is not a top priority – PBoC’s Zhou
Zhou makes first public confirmation he is set to retire soon
Don’t underestimate the Fed’s balance sheet unwind – Fischer
Stanley Fischer offers advice to colleagues in final scheduled speech before leaving in October
RBI closes in on ‘endgame’ in bank clean-up
Governor Urjit Patel says central bank’s new powers have allowed it to overcome “severe” moral hazard problems
RBA’s Kent warns mortgages are still risky, despite offsets
RBA assistant governor says use of offset accounts does not remove the need for tighter lending standards
How to divest public sector assets
Sponsored feature: State Street Global Advisors
Draghi, quo vadis?
Jesper Berg warns improved outlook in eurozone creates a host of problems for ECB
Brainard cautious over further hikes in interest rates
Fed governor says she will be watching inflation “carefully” over the coming months
ECB’s Cœuré says asset purchases are not responsible for exchange rate movements
Executive board member says purchase programme has boosted economic growth and inflation prospects
Fischer cautions against complacency
Fed vice-chairman says it would be “foolish” for policymakers to think they have eliminated all risk
Model looks at outbreak of ‘fire sales’
Higher capital ratios may aggravate financial contagion, authors say
Former central bank governors debate unconventional monetary policy
Trichet, Shirakawa and Weber agree unconventional tools may have outstayed their welcome
London financial sector likely to ‘lose prominence’ following Brexit, says Sarb bulletin
South Africa to watch developments in London closely following Brexit vote
Encouraging creation of ‘quasi-safe assets’ may be destabilising, paper argues
Investors have distinct “safety demand”, researchers argue
Xi says China is open for business as US turns away
China to become bigger player in global markets as the US looks to be turning inwards, says President Xi
BoE studies effects of capital requirements on balance sheets
After the financial crisis, banks placed more emphasis on asset deleveraging
Dutch paper explores information content of asset prices for inflation
Working paper finds high asset prices can indicate either high or low inflation, though most commonly it is high