Investment
The Tokyo Olympics: downside risks prevail
BoJ’s latest stimulus effort seems to be weak, and comes at a time when benefits of hosting Olympics may be overstated
Financial crises harm innovation – BIS paper
Loss of access to bank credit can harm research spending for more than 10 years, study finds
Ghana’s Addison on banking reform, innovation and the future of the eco
Bank of Ghana governor says Ghana is unlikely to join eco anytime soon
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
Do low rates spur investment?
Former IMF head writes there is little hard evidence that low interest rates spur investment
Norway’s SWF achieves record growth
Government pension fund expands by 20%, boosted by strong US equities markets
IMF staff say Argentina’s debt is unsustainable
Report calls for haircut for private creditors as Argentine government demands IMF debt forgiveness
Global property investors may undermine macro-pru – CGFS
House prices are rising and increasingly synchronised, BIS committee says
Interview: Luiz Awazu Pereira da Silva
BIS deputy general manager talks about the obstacles central banks face with regard to climate change
US is still an attractive FDI destination – Fed paper
FDI slowdown in 2017–8 due to corporate restructuring and reversing debt flows, researcher argues
‘Intangibles’ may be adding to long-run rate decline – BoE’s Haskel
Economist says “tyranny of collateral” could be a problem for modern economies
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
RBI tries to break firm’s dominance in retail payments
NPCI was launched with backing from the central bank, but may have gained too much market power
BoE paper finds heterogeneous policy transmission to firms
Authors say financial frictions “crucial” to understanding monetary policy transmission
Central Banking Awards 2020: second group of winners unveiled
Prizes awarded for governor, reserve management, green initiative, asset manager and custody
Innovation in reserve management: BlackRock
The US asset manager has made great strides in technology, research and advisory capabilities
Asset manager of the year: Amundi Asset Management
The French asset manager helped reserve managers meet ESG criteria while boosting AUM
Watch out for Brexit cliff edge 2.0, experts warn
Measures to mitigate a sharp rupture for financial services could be less likely at end-2020
Risk manager: Central Bank of Brazil
G20 central bank has made important breakthroughs in applying ERM
Treasury systems initiative: Calypso Technology
Tech company secured important breakthroughs including with its Maps treasury operations system
US Democrats strongly criticise regulator
Some lawmakers accuse OCC head Otting of ignoring Congress over controversial lending proposals
Non-bank growth slowed in 2018, says FSB
Riskiest forms of non-banks still growing, but overall assets went into reverse in 2018
Brainard lending proposal gets boost in Congressional hearing
Participants applaud Fed proposal, while strongly criticising plan by OCC’s Otting
Markets surge as PBoC cuts RRR
Cut designed to support the flagging economy; PBoC insists it is retaining “sound” policy