CB Opinion
Macroeconomics is not broken
The discipline has moved beyond the neoclassical synthesis. Critics should too
Yngve Slyngstad: contrarian person, brilliant investor
Knut Kjær reflects on the character of the man that has led Norway’s $1.1 trillion SWF
Negative rates demonstrate shortcomings of currency
Distortionary effects of negative rates raise broader questions on design of money itself, writes Barry Topf
In search of a better definition of digital money
Dave Birch tries to cut through the noise on cryptocurrencies, blockchains and everything in between
Facing up to the tech challenge
Central banks get a wake-up call from libra
What is behind China’s digital currency aspirations?
The PBoC sees CBDC as a means of riding the wave of digitisation, and potentially challenging the US dollar’s dominance, writes Hui Feng
Demand for cash remains solid in many parts of the world
Sayuri Shirai re-examines the decline of cash use worldwide
The future of cash: an update
Antti Heinonen looks at the latest trends in cash use, including a surprising turnaround for the Swedish krona
Central bankers without clothes and clout
Without normalisation, central bankers may be revealed to have no clout, writes Jesper Berg
Regulators should embrace digital ID
Lack of single ID in financial services is causing unnecessary friction, argues Dave Birch
30 years of central banking
Central banks face credibility tests on a number of fronts
The Fed’s trade policy dilemma
FOMC should loosen, but members must speak out more forcefully against tariffs
An inside story on the central bank gold agreement
Robert Pringle reveals details of Mbeki’s appeal to central bankers
PBoC is navigating into uncharted waters on RMB
Renminbi depreciation will cause problems at home and abroad
Five reasons why Mark Carney should head the IMF
The outgoing Bank of England governor has all the requisite skills
Are central bank digital currencies inevitable?
Launching a CBDC could protect the pre-eminence of public money, a new report argues
Purists lament as most cheer Lagarde as next ECB chief
Lagarde expected to adopt similar philosophy to Draghi at ECB
The twilight of banking supervision
Supervision of banks in Europe has deteriorated
Doves vs hawks: IMF advice on unconventional monetary policy
Funds’ advice on innovative measures has not always “stood the test of time”, writes Philip Turner
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
National Bank of Romania resists the populists – for now
Veteran governor Mugur Isărescu has defended the central bank’s independence
A climate of change
Central banks are striving to take practical steps to tackle climate change risks. Can they succeed?
Education, education, education: designing a master’s in global central banking
The BoE’s Paul Fisher says there is a growing need for all-round central banking education
Motivations and prospects for central bank digital currency
Sayuri Shirai surveys the many forces driving increased interest in CBDC