Liquidity
Tackling ‘dead-end’ monetary policy
Shift to lower inflation targets would help central banks escape forever-loose monetary policy, writes former IMF chief Jacques de Larosière
PBoC says its bills are better tools than bonds for China
Central bank bills will play bigger role in stabilising yuan exchange rates, suggests PBoC note
St Louis Fed president calls for standing repo facility
Facility would solve “almost all” of the Fed’s problems in controlling rates, James Bullard says
Global banks vulnerable to dollar funding shocks, IMF stability report shows
There has been a “resurgence” of US dollar liabilities relative to assets in non-US banks, IMF warns
Fed unveils plan for ‘technical’ asset purchases
New York Fed will buy Treasuries “at least into the second quarter of next year”
Brainard attacks Fed plan to soften regulations
Governor warns regulatory cutbacks risk weakening “core safeguards” put in place post-2008
World risks ‘global liquidity crunch’, former BIS officials warn
“Urgent action” needed to prevent crisis, say Philip Turner and André Icard
RBA paper looks at responses to liquidity crises
Penalty rates to contain risk-taking are more effective on long-term loans, study finds
BoE FPC: Markets may ‘jump to illiquidity’ if stressed
Debt and “structural illiquidity” could amplify global shocks, warns committee
Fed opts for asset purchases as liquidity solution
Central bank chooses not to address possible plumbing issues – at least for now
Big tech: a threat to banks?
The explosive growth of big tech companies in China offers important lessons
BIS studies highlight limits to unconventional policy
Policies seen as broadly effective, but reports warn of spillovers and other unintended effects
RBI cuts rate amid ongoing banking sector concerns
Governor says central bank will re-examine regulation of co-operative banks
RBI tells public ‘no need to panic’ as mid-sized bank fails
Central bank seeks to quell fears of a second round of trouble after collapse of PMC Bank
Seven threats from big tech’s libra
Can central banks avoid a ‘big tech’ monetary meltdown?
UK watchdog unveils curbs on illiquid funds
Some open-ended funds will now have to make contingencies for stressed market conditions
RBI weighs reforms to liquidity framework
Report recommends retaining the corridor system and simplifying operations
Banque de France research takes fresh look at eurozone interbank markets
Secured interbank markets not bounded by ECB’s deposit facility rate, results show
Economists propose solutions to Fed’s liquidity problem
New York Fed prepares for sustained series of interventions in coming weeks
New York Fed injects liquidity for third straight day
Operation was oversubscribed for second day in a row, with banks requesting $83 billion
30 years of central banking
Central banks face credibility tests on a number of fronts
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
Overseeing China’s payments revolution
PBoC has tried to strike balance between bigtech innovation and reining in risks
BoE paper looks at how to halt ‘cascade’ of settlement fails
“Buy-in” process could help to avoid system-wide “gridlock”, but design is challenging