Public policy
Financial regulators: one, two, maybe a few?
As Jamaica moves to introduce the ‘twin peaks’ approach to financial oversight, Ben Margulies assesses some of the pros and cons
Lifetime achievement: Stefan Ingves
Modest man from the Finnish ‘boonies’ has had a major impact on international central banking
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Central bankers have lost sight of inflation
Resurgence comes after crypto and climate distractions from primary task
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career
Digital money and central banks
Monetary policy, regulatory and financial stability focus needed to stay relevant
The matter of minutes: Why open up private deliberations?
Many central banks publish records of MPC meetings. Where should public scrutiny stop?
Is Powell still on track for second term?
Despite scandals and vocal criticism, support still looks likely to outweigh opposition
Chilean president grants Marcel new term as governor
Central bank leader faces continued challenges from pandemic and rapid political change
Book notes: How boards work, by Dambisa Moyo
Moyo offers insights into the skills required to be a valued board director
Governance Benchmarks 2021 report – the frameworks that rule central banks
Benchmarking data offers insights on appointments, legal structures, powers, independence and more
Governments often play role in appointing boards
Boards often mix government members, central bank officials and non-execs
Eurozone’s public debt rose sharply in 2020 – official figures
Public debt in the bloc jumped to 98% of GDP in wake of Covid-19, Eurostat says
Regulating big tech and non-bank financial services in the digital era
Experiences from China highlight potential benefits of digital-bank and holding-company approaches
Book notes: Economic philosophies, by Alessandro Roselli
Roselli’s analytical and historical exploration is especially valuable now, writes Robert Pringle
Lifetime achievement: Charles Goodhart
LSE and BoE veteran has influenced central banking policy practices and frameworks all around the world
Advisory services: Oliver Wyman
The consultancy has built a reputation for analytical excellence and governance expertise
IMF approves $370 million credit facility for Afghanistan
New programme aims to support country’s recovery from Covid-19
Lower public spending holding back Middle East and Central Asia
Efficient and targeted investments require comprehensive data, says IMF paper
The evolving role of central bank money in payments
The multiple-issuer/one-currency paradigm is set to remain in a CBDC world
Debts, deficits, central banks and inflation
What insights can history provide for central banks hit by large rises in government debt?
Libra’s Disparte on big tech’s move into digital currency
Facebook-backed consortium still has more than 3 billion customers in its sights
Bank of Spain calls for reform of pensions system
Governor sees need for national consensus to secure sustainability of current system