CB In Depth
The BoE’s education outreach programme
Making economics accessible to everyone
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
A dangerous moment for the Reserve Bank of India
RBI’s high-profile skirmishes with India’s populist government in 2018 threatened central bank’s mission
NBU’s Smolii speaks out about political interference
Ukrainian governor says politically powerful people still blocking economic reform
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Book notes: Finance and philosophy, by Alex J Pollock
Readable and useful book that provides much food for thought, and should be read widely by economists and policy-makers
Book notes: Where economics went wrong, by David Colander and Craig Freedman
Chicago economics’ gladiatorial debating style has cost the discipline dearly, the authors argue
Climate change: a new challenge for financial stability?
What is the role of central banks when it comes to climate change risks?
Renminbi reserves are still relatively small
Renminbi investments still account for much smaller fraction of global forex reserves than China’s significance in world economy would merit
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
Book notes: Keeping at it, by Paul Volcker with Christine Harper
Volcker delivers fascinating history-laden memoir, writes Jean-Claude Trichet
Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
Important overview of current state of thinking about macro-prudential policy, but uncertainties remain about current allocation of financial stability responsibilities
Beyond payments: central bank digital currency
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
Book notes: The Fed and Lehman Brothers, by Laurence Ball
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
The EU tries to rethink its faltering AML regime
What options are available, and what challenges remain?
Book notes: The bank that lived a little, by Philip Augar
History of British commercial bank Barclays fails to address key questions, writes Michael Taylor
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia governor talks about capacity building, fintech and relations with the IMF
What next for the BoJ’s unprecedented ETF experiment?
Exiting the policy may prove extremely challenging, says Sayuri Shirai
Demetriades on political pressures on central banks and their governors
Former governor speaks on Cypriot banking crisis and his fears for euro stability
Juan José Echavarría on Colombia’s path to sounder monetary and economic policy
Colombian governor talks about policy efforts to promote stability, importance of independence and implications of Venezuelan economic collapse
The Bank of England’s missing records
The bank’s official historian highlights archiving failures and damage they cause
The battle for cyber resilience
Are global central banks ready to change their approach to cyber security and refocus on contingency planning?
James Bullard on 2% rates, tariffs and Fed leadership
St Louis Fed chief on fintech disruption, Fed balance sheet and agent-based modelling
The perilous road to normality
Many central banks are starting to tighten policy, but their room for error is limited