Debt
Debt levels are likely to start rising again, IMF warns
China playing major role in debt growth, as low-income countries face worse risks, analysts say
Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis
BIS paper says reform to AT1 instruments ‘may be necessary’
Actual use of contingent bonds may clash with their original purpose, authors say
US official outlines expanded role for poorer nations at IMF
Shambaugh discusses quota reform and new officials for developing countries
Book notes: Bold vision, by Freddy Orchard
Largely uncritical insights about the formation of the GIC and Singapore’s currency regime
Fed proposes long-term debt requirement for large banks
Governors Waller and Bowman express concern the rule doesn’t appropriately tailor regulation
ECB: from a supply to a demand-driven floor?
Eurozone’s central bank expected formally to abandon corridor in forthcoming operational framework review
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
Milei will meet with IMF ahead of board decision on loan
Argentine opposition leader calls central bank “thieves” and repeats pledge to abolish it
Egyptian president gives acting governor one more year
Abdallah has continued programme of tighter monetary policy and devaluation
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
Brics’ bank launches rand bond
New Development Bank offers $130.6 million debt issue ahead of Johannesburg summit
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt
Uganda cuts rate for first time since 2021
Central bank head refuses to comment on World Bank decision to halt funding
Earth to Jackson Hole: create sustainable future bonds for stability and prosperity
Marina Zucker-Marques and Kevin Gallagher offer a template for a new central bank asset
RBI’s Das calls for action on debt distress
“Bigger and stronger” IMF could do more to tackle widespread debt problems, governor says
Ghana opposition demands governor resign
Parliamentary leader threatens march after Bank of Ghana reports $5.4 billion loss
Bank of Ghana clarifies losses after Reuters report
Research director explains $5.4 billion loss for 2022 mainly due to debt restructuring
When £1 is not £1
Gabriel Stein examines the risks from introducing a CBDC should its value diverge from that of physical currency and bank deposits
Book notes: The crisis of democratic capitalism, by Martin Wolf
A sincere attempt to explain and fix the failing of capitalism in liberal democracies
Argentina reaches provisional agreement with IMF
Fund may continue loan despite non-compliance and ease reserve targets
The financial sanctions maze
Anyone affected by Russia-related sanctions knows patience and caution are strongly advised, writes Richard Heckinger
Algeria is applying to join Brics bank, says president
Country joins Argentina and Honduras on list of applicants