Capital flows
Senior policy-makers differ on future of global monetary system
Trichet, Lipton and Reinhart debate whether SDR could play a bigger role in global stability
Bank of Thailand voices concerns over baht appreciation
Thai central bank says it has cut supply of short-term bonds to curb hot money inflows
BIS says theory behind EME policy must catch up with ‘reality’
Situation is similar to adoption of inflation targeting in early 1990s, says BIS annual report
IMF’s IEO outlines plan for capital flows evaluation
Some countries say the fund may now be too quick to endorse capital flow restrictions
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
BIS research documents high concentration of cross-border credit
Big banks dominate global credit, which matters for global spillovers, authors say
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
BIS paper finds cross-border links between monetary and macro-pru policy
Authors discover “significant interactions” between policies
New IMF data reveals non-banks drive capital flows when global risks rise
Evidence can be used to analyse how changes in industry mix can impact capital flow volatility, researchers say
Central Banking’s ‘Leaders’ for custody, banking and gold
Reserve managers reveal their top counterparties
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
Emerging markets Argentina and Turkey: mission impossible?
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Financial openness key for monetary spillovers – RBA research
Trade flows appear not to contribute to interest rate correlation
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Turkey acknowledges reserves build-up necessary to stabilise lira
Currency plummeted on March 22 on weak global economic data