Opinion/Governance
Central bank independence: more myth than reality?
Crisis responses are placing a heavy burden on many central banks. But there is no evidence showing that legally independent central banks have a better track record in monetary policy
Robert Pringle’s Viewpoint: Changing of the guard at the Bank of England
Mark Carney's nomination as governor of the Bank of England will be viewed as punishment for the central bank’s staff failing to avert the financial crisis. But Carney also has many strong qualities
The puzzle of monetary policy
The centrepiece of macroeconomic management, inflation targeting by central banks, remains virtually unchallenged despite the crisis of the past five years. This needs to change, argues John Gieve
Robert Pringle’s Viewpoint: The next governor of the Bank
British bank scandals have dramatically reduced the likelihood of a commercial banker taking over from Mervyn King as governor of the Bank of England. But there are still plenty of other candidates
Robert Pringle’s Viewpoint: Under pressure from Hollande and Obama
François Hollande, the new president of France, takes up residence in the Elysée Palace at a time when significant economic adjustment is taking place in the eurozone, albeit at high cost. His victory looks set to add to pressure on central bankers – and…
Frank’s FOMC attack offers further evidence of the politicisation of Fed policy
Attempts to rescind regional Fed presidents’ voting rights as members of the Federal Open Market Committee manifest an unfortunate trend in US monetary policy, Thomas F. Cargill believes.
Déjà vu and monetary policy: Lockhart’s recent comments
A lack of consideration for price pressures signals that Fed officials continue to misconstrue the nature of central bank independence, Thomas Cargill writes
Eurozone pays tribute to Tommaso Padoa-Schioppa
Euro area's central bankers mourn the death of the 'euro architect'
King is fully justified
The governor of the Bank of England is well within his rights to press politicians on the need for fiscal retrenchment, Robert Pringle argues.
Forrest Capie’s Bank anecdotes
William M. Clarke and Robert Pringle select some amusing excerpts from a new history of the Bank of England.
Obituary: Peter Allsopp
Visionary reformer whose analysis and powers of persuasion changed financial market infrastructure worldwide
UK officials must consider cultural factors in regulatory overhaul
Navigating the transition to Britain’s new regulatory regime is fraught with cultural challenges, writes Michael Foot
No winners from Redrado’s row
The Central Bank of Argentina's conflict confronts the country with a Catch-22 situation from which the authorities cannot profit, argues Vladimir Werning, an economist at JP Morgan.
Communication in a crisis: some thoughts for central bankers
Citing the case of Northern Rock, Geoffrey Wood, a professor of economics at Cass Business School, calls for central banks to better prepare for their communications on financial stability
Yam has secured his place in history
As Joseph Yam prepares to depart, Tony Latter, a former deputy at the Hong Kong Monetary Authority, assesses the chief executive’s time at the helm of the territory’s financial authorities
Sanusi’s crackdown should be applauded
Central Bank of Nigeria governor Lamido Sanusi’s rescue of five undercapitalised Nigerian banks was the right move, argues Razia Khan, the head of research for Africa at Standard Chartered, a bank
De Larosière for long-term value and economic stability
A near-term focus dominated policy, regulation, accounting standards and governance in the run up to the crisis. It cannot last, writes Jacques de Larosière.
Obituaries: Terry Smeeton
Terence Smeeton, born 5 July 1942, died 12 September 2007.
Obituaries: Stephen Frowen
Professor Stephen F. Frowen, born 22 May 1923, died 21 December 2007.
Every mistake imaginable
According to the article "Every mistake imaginable" published on Tuesday 13 March by Haaretz, critical mistakes at important times meant that the Bank of Israel's salary negotiations went on much longer than was necessary.
Comment: BCCI 'farce' all over
A final line was drawn yesterday under the "farcical" BCCI. The book is closed on the matter with the Bank of England's financial compensation falling short of the amount it said it would push for when BCCI liquidators, Deloitte, dropped its £1 billion…