Banks
Greener energy mix would foster price stability, says Lagarde
More use of renewables would reduce chance of energy price spikes
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Liquidity dependence may hamper QE exit
Expanding reserves may prove perilous for financial stability, with maximum danger during QT, writes Viral Acharya
BdF to achieve 1.5°C climate goals by 2026, governor says
De Galhau calls for mandatory climate disclosure, green capital requirements and collective ecological governance
ECB increases rates by 75bp for second consecutive time
Governing council tightens TLTRO III rates and lowers reserve remuneration
Should a CBDC really be like cash?
Electronic and physical cash are fundamentally different and must be treated as such, writes Dave Birch
Christopher Sims on modelling the inflation surge
Unprecedented series of shocks creates major challenges for central bank forecasters, the Nobel Prize-winning economist tells Daniel Hinge
Credit is tightening for eurozone firms and households, says ECB
Loan demand from firms increased but fell from households, survey finds
Hsu says US needs proper regulation of bank-fintech alliances
Policy-makers focus too much on crypto, says comptroller
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
Bahamas governor says exchange controls here to stay
“Difficult financial reforms” necessary before liberalisation, says Rolle
BoE sticks to bond-buying deadline amid strains on UK non-banks
Bailey restates cut-off date for asset purchases despite spike in margin calls and redemptions
ECB needs at least two ‘significant steps’ in coming meetings – Knot
DNB financial stability report warns high inflation and weak growth will test banks
BoE prepares more market support as cliff edge looms
Central bank creates temporary repo facility with wider range of eligible collateral
PBoC injects $15 billion into policy banks
This is the first time the PBoC has used the lending tool in more than two years
Vietnam’s central bank reassures depositors amid bank run
Arrest of a prominent businesswoman triggers a run on a major Vietnamese bank
The race to adopt ISO 20022 payments messaging
Some jurisdictions do not plan to adopt the protocol, while others are preparing for a disjointed implementation
ECB paper looks at Covid-19 emergency supervisory measures
Relaxation of CET1 requirements positively affected lending, but change to Pillar 2 guidance did not
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
Some new monetary frictions
Negative net interest is set to hit Fed earnings with monetary and fiscal policy implications
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
Book notes: 21st century monetary policy, by Ben S Bernanke
Bernanke’s great book offers important insights for today’s policy-makers, writes Stephen Poloz