The Bank of Canada has invited the public to share their views on possible design features of a digital Canadian dollar. A consultation launched on May 8 asks Canadians how they would use a hypothetical…
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Macro-prudential regulation does a better job of shielding an economy from global financial shocks than capital controls, research published by the Bank for International Settlements finds. The working paper presents “strong evidence” that emerging markets’…
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Quentin Bruneau, States and the master of capital: sovereign lending, old and new, Columbia University Press, December 2022, 240 pages Written records of sovereign borrowing date back more than 2,000 years, but longer-term sovereign debt…
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Sveriges Riksbank made a mistake publishing the minutes of its latest monetary policy meeting today (May 9). The Swedish central bank communicated that “due to an administrative error”, it provided the public with access to…
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The World Bank headquarters, Washington DC The World Bank’s executive board elected Ajay Banga as its new president on May 3. Banga, an Indian-born dual citizen of India and the US, will begin a five-year…
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Laos’s central bank started testing a central bank digital currency (CBDC) prototype on February 7, with the support of Japanese fintech firm Soramitsu and the Japanese government. The Bank of the Lao PDR will test…
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The Bank of Ghana has signed a memorandum of understanding (MoU) with the government to halt monetary financing. ‘“The MoU has been finalised and signed,” governor Ernest Addison told Central Banking today (May 2). The Financial Times first reported…
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There is wide variation over when central banks’ communications departments get involved in key policy decisions, data from Communications Benchmarks 2023 shows. Sixteen out of 39 respondents (41%) said they are involved “after policy decisions…
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The US Federal Reserve’s Eccles Building The Federal Reserve’s internal watchdog said in a new report that the code regulating equities trading may not cover enough officials. The report, by the Fed’s Office of Inspector…
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Bank of Finland governor Olli Rehn has been selected as first vice-chair of the European Systemic Risk Board (ESRB), the institution said today (April 11). Members of the ESRB’s general board voted to appoint him…
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